Tower Community Bank understands that we all have different situations going on in our lives, so we’ve provided options for you to choose based on what works best for you and your family. An adjustable-rate mortgage has a lower fixed rate for the first 5 years and then will adjust based on the market at that time. If you only plan on being in your home for a short period of time, this option may be best for you.
- Lower interest rates mean more cash on hand each month
- Multiple choices for term lengths
- Access to quick decisions
- Caps on rate adjustments