Commercial Mortgages

10 & 15 Year Fixed Rate Mortgage

Stability Over the Life of the Loan
Many borrowers prefer the stability of both a fixed interest rate and a fixed payment over the life of the loan.

• Lock in a long-term interest rate with a stable, predictable monthly payment.
• Borrowers who want to build equity faster should select the shortest loan term they can afford.
• Shorter loan term carries a lower interest rate, helping borrowers to save in interest cost over the life of the loan.

5/20 or 5/25 Adjustable Rate Mortgage

Lower Monthly Payments and Increased Purchasing Power

• Borrowers can obtain lower mortgage payments with a longer amortization period.
• The interest rate is adjustable every five years after the initial five years.
• Easier to qualify for a mortgage as well as a larger loan amount. 
• More cash flow due to longer amortization period.

10/20 or 10/25 Adjustable Rate Mortgage

Lower Monthly Payments and Increased Purchasing Power

• Borrowers can obtain lower mortgage payments with a longer amortization period.
• The interest rate is adjustable every five years after the initial ten years.
• Easier to qualify for a mortgage as well as a larger loan amount. 
• More cash flow due to longer amortization period.

Construction Loan

Interest only during construction period

• Can borrow up to 80% of the "completed" appraised value. 
• 1% Origination Fee due upon acceptance of Commitment.
• Commercial and Residential Properties.
• Personal guarantees required.

 Visit our Mortgage Division at 50 Pearl Street, Metuchen, N. J. or call  
732-549-4452 ext. 6312 to discuss your mortgage needs.