Mortgages
Fixed Rate Mortgages
Features
- Good for purchase or refinance, with terms of 10, 15, 20 or 30 years
- The interest rate and monthly payment stay the same for the life of the loan
- No penalty for prepaying your loan
- Use your loan to buy a primary residence, invest in a second home or buy an income property
Why choose a fixed-rate mortgage
- You want a stable monthly payment
- You believe interest rates could rise in the next few years
- You plan to stay in your home for many years
Adjustable Rate Mortgages (ARMs)
Features
- Good for purchase or refinance, with term of 30 years
- Initial fixed interest rate for 1 year, 3 years, 5 years and 7 years
- Protection against unlimited interest rate increases
- Many of our ARMs are assumable
- Use your loan to buy a primary residence, invest in a second home or buy an income property
- Loan proceeds can be used to purchase or refinance
Why choose an ARM
- You want lower initial monthly payments than a fixed-rate mortgage usually offers
- Lower initial monthly payments means you can buy more home
- You plan to own your own home for no more than the initial fixed rate period
- You think interest rates may be headed down in the next few years
To apply for a mortgage loan with Coast Bank of Florida please contact one of our loan officers at 800-354-6096 or LoanApplication@CoastBankFlorida.com.
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 Local Decision Making |
Quick Turn-around Time |
Full Service Bank |
Personable, Friendly Loan Officers |
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