Frequently Asked Questions
Popular Questions
Mortgage rates refer to the interest rates you’ll pay on your home loan, and they can either be fixed or variable; fixed rates remain consistent throughout the entirety of the loan term, while variable ones fluctuate over time.
Mortgage rates are determined by several factors, such as the type of loan you select, its length and current market conditions. Since these figures can change daily, it’s essential to stay informed on the most up-to-date figures.
Today’s mortgage rates can change based on the type of loan and current market conditions. Please visit our main page for the most up-to-date rates.
General Questions
Refinancing your mortgage loan could result in an adjustment to your interest rate, although this amount is difficult to forecast as it depends on a variety of factors such as the type of loan chosen and current market conditions.
Mortgage rates can fluctuate daily, weekly, monthly or even yearly! Most borrowers will experience their interest rate change every few years when they adjust their loan terms or refinance their mortgages.
What to do if interest rates rise soon? If you believe they will, locking in your rate now could be advantageous as it ensures it does not increase before closing on your loan. On the contrary, if rates decline gradually over time, then delaying lock-in could help ensure a lower rate in the future.
An adjustable-rate mortgage (ARM) is a type of home loan in which the interest rate can adjust periodically due to changes in market conditions. ARMs generally have lower initial interest rates than fixed rate mortgages but may provide greater flexibility regarding how and when your payments are made.
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Fair Interest Rates
We Provide Fair Interest Rates For You
As a financial institution, we understand that providing fair interest rates is crucial in building trust and maintaining long-term relationships with our customers.
We strive to ensure that our interest rates are competitive and transparent, taking into consideration various factors such as market conditions, risk assessment, and regulatory requirements.
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