At BankRI, we understand that purchasing a new home can be overwhelming. Get peace of mind with a Fixed Rate Mortgage from BankRI. With our Fixed Rate mortgage you will FEEL AT HOME knowing your monthly principal and interest payments won’t change over the life of your loan - our fixed mortgage option just makes budgeting easier! There are a variety of terms to choose from and you can make additional payments directly toward the principal at any time, penalty free.
Another borrowing option we offer is an Adjustable Rate Mortgage (ARM). An ARM will provide you with an initial lower monthly payment and a shorter term. With an ARM, the interest rate changes periodically, usually in relation to an index, and payments may go up or down accordingly.
Speak with a BankRI Mortgage Consultant today to see what loan product is best for you.
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