My role is working with individual clients, assessing their particular borrowing needs, and then identifying the loan that fits best. It can be a challenging process. But when my client purchases the residence they were looking for, it’s tremendously rewarding – which I guess explains why I’ve been in the mortgage field for more than 25 years. I’m a resident of Bethlehem, NJ and work with clients on both sides of the Delaware River. For fun, I coach youth sports, and also enjoy using my financial expertise to raise funds for our community’s various athletic leagues.
A fixed rate mortgage is the most popular type of loan program that Kearny Bank offers. With a fixed rate product, you get the security of a consistent interest rate (and payment) over the entire life of your loan. The overall interest you will pay on a fixed rate mortgage will depend on the overall term of the loan. See our great mortgage rates here.
Adjustable Rate Mortgage (ARM)
Kearny Bank offers 1, 3, 5, 7, and 10 year adjustable rate mortgage programs (also known as an ARM program). An adjustable rate mortgage is a type of loan product that offers an interest rate that is lower than your standard fixed rate loan. The difference here is that the interest rate can change over time. Higher interest rates in the future could potentially lead to a higher mortgage payment for you down the road. In essence, you’re receiving a lower interest rate now (and paying a lower rate now) in exchange for the risk of a possible rate increase in the future.
Our financial calculators are designed to be a tool to help you determine your potential monthly payments on one of our mortgage loans or home equity loan or line of credit prior to you visiting one of our branches to talk with a specialist.Financial Calculators