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Conforming Loans

Fixed Rate Mortgage  

Mortgage terms ranging from 10-30 years offering stability by giving a predictable monthly payment and fixed interest rate for the life of the loan.

Best For You If:

You prefer the assurance of a steady, fixed monthly payment over the life of your loan and plan on having your home for a long period of time.

Benefits
  • Monthly principal payment will not change
  • Allows for long-term financial planning
  • Choice of loan terms ranging from 10- 30 year options

For additional information or to apply for a fixed rate mortgage, please contact one of our Mortgage Loan Specialists at (248) 419-3004, visit a Local Level One Banking Center, or fill out a secure online application.

All loans are subject to credit approval.

Adjustable Rate Mortgage Loans (ARM)

A mortgage loan with a variable interest rate that is periodically adjusted based on an identified index. The amount of your monthly payment could increase or decrease. Often, ARM loas provide a lower initial rate compared to fixed rate mortgages..

Best For You If:

You want to take advantage of a lower interest rate option or plan to move or refinance in the next 5-10 years.

Benefits
  • Typically allows a lower initial interest rate and payment
  • Various term options:
    • 3/1 ARM
    • 5/1 ARM
    • 7/1 ARM
    • 10/1 ARM

For additional information or to apply for an adjustable rate mortgage, please contact one of our Mortgage Loan Specialists at (248) 419-3004, visit a Local Level One Banking Center, or fill out a secure online inquiry form.

All loans are subject to credit approval.

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