We offer a variety of terms and rates of the traditional fixed rate mortgage for both conforming and jumbo loans (over $417,000). The advantages of this type of loan are that the rate remains constant for the life of the loan, and the payments are fixed. However, your payments may be initially higher than at the adjustable rate. Rates are based on owner-occupied one to four family properties.
This loan is most appropriate for those who appreciate the security of long-term planning and simply want to lock in a great rate and forget about it.
Fixed rate reverse mortgage loans and lines of credit are available, for qualified borrowers, in conjunction with a program offered by H.O.M.E. (Homeowner Options for Mass. Elders), an independent counseling group. For more information, please contact one of our mortgage officers.
Equal Housing Lender