Mortgage Questions

provided by

     Lisa Thomann,   Vice President
     Home Loan Consultant  

Phone: 978-353-2433
E-mail:  LThomann@ fidelitybankonline.com

 

What You Need Before You Shop for a House

Congratulations! You've decided to purchase a new home. You might have driven by a house you where interested in buying or talked with a real estate professional. But, before the buying process begins there's an important step you need to complete. Most real estate brokers prefer that you be pre-approved for a mortgage before meeting with them. They'll require a Pre-approval Letter from a financial institution as evidence of your buyer qualifications. At Fidelity Bank, our home loan specialists will help you prepare for this meeting. They'll review your information and tell you how much house you can afford to buy and how much money you'll need to complete the purchase. Our Pre-approval Program provides the approval letter you'll need to satisfy the requirements of the real estate professional.

If you're thinking of moving to a new town, check out this website, it provides a lot more information than just real estate listings. It contains information about school systems and how they rank with other towns in the state. It gives you descriptions of businesses within a town as well as population statistics and much more. It's one of our favorite Web sites.

Buying a Home for the First Time?

At Fidelity Bank we understand the particular needs of a first time homebuyer. That's why we provide our customers with straightforward information and personal attention. We'll give you direct answers to your questions and help you choose the mortgage loan that feels comfortable to you. Our home loan specialists will be there every step of the way to make buying a home for the first time a rewarding experience.

Check out our Easier-than-it-looks Mortgage Checklist by clicking here. This checklist will help you get a jump on the documentation needed to apply for a mortgage while helping us expedite your application.

What mortgage is right for me?

Fixed Rate Mortgage

If the need for the security of a fixed monthly payment out weighs the rate of interest, then this product is right for you. The interest rate is fixed for the life of the loan and cannot be affected when national interest rates fluctuate. We'll help you choose from 10, 15, 20 up through 30 year terms and point options including a No points/No closing cost program and jumbo loan programs.

Adjustable Rate Mortgage

If paying a lower interest rate in the early years of your mortgage loan out weighs your need for a fixed monthly payment then this product is right for you. The interest rate is discounted initially making your payments lower when you need it most. We offer a variety of conforming and jumbo adjustable rate programs, some with special conversion features. Talk to our home loan specialists. They'll help you choose the adjustable rate mortgage that feels comfortable to you.

Transformer Mortgage

Take advantage of a competitively priced adjustable rate mortgage with a 3, 5, or 7-year initial fixed rate period. With the Transformer Mortgage you get the best of both worlds. When the fixed rate period ends, the loan changes to a one- year adjustable rate mortgage. However, the Transformer Mortgage comes with a built-in free conversion option. At any time during the first 10 days of the month and through the 60th month of your mortgage, you can choose to convert your loan to a 30-year fixed rate mortgage. All with just one phone call to Fidelity Bank. It's like refinancing your mortgage for free!

Check out our Easier-than-it-looks Mortgage Checklist. This checklist will help you get a jump on the documentation needed to apply for a mortgage while helping us expedite your application.

Contact me to apply for a mortgage, fill out the pre-approval request form and E-mail it to me. I will contact you to go through the details of the program.  Or call me: Lisa Thomann,  Vice President - Home Loan Consultant at 978-353-2433.

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