Conventional Loan Products
Fixed Rate Mortgage
A traditional fixed-rate mortgage provides you with the security of a steady payment for the life of the loan and is a great option for many home buyers. While most homeowners looking for a fixed rate choose a 30 year fixed mortgage, we also offer shorter terms that can be a great option for borrowers that can afford a higher monthly payment and wish to pay off their loan in 20, 15 or even 10 years.
Adjustable Rate Mortgage
An adjustable-rate mortgage (ARM) usually offers a low initial rate that can increase after a pre-set period. Intercoastal Mortgage Company offers ARM loans with the initial fixed periods of three, five, seven and ten years. These programs are attractive for borrowers that are looking to stay
in their home for less than the fixed period or for experienced homeowners that understand the risks and benefits of an adjustable rate mortgage.