Choosing the right mortgage
When it comes to choosing a mortgage, it’s easy to become overwhelmed. When you know your options, you can make a sound financial decision that benefits you for years to come.
Dollar Bank offers adjustable rate mortgages (ARMs) that allow you to lock in a low, fixed-rate for up to five years with loan amounts up to $750,000. Then, after the fixed-rate period ends, your rate changes to a one-year adjustable rate. The greatest feature of the ARM is the low lock-in rate that helps you build the house of your dreams with affordable monthly payment.
Don’t forget that if your existing home is for sale, you may be able to apply the equity in that home toward a down payment on your new home.
Find out more about our fixed and adjustable rate mortgages.