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Rick Butera

Rick Butera

Mortgage Loan Officer
NMLS# 263964
732-241-2678
Get Started: Mortgages Get Started: Home Equity Loans/HELOCs

About Rick

New Jersey is a wonderful place to live, and choosing to buy or build a home here couldn’t be better. While financing a home is something that most people do only a few times in their lives, helping people achieve their dream of homeownership is my passion.

I have 25+ years of experience as a residential mortgage loan officer and am very knowledgeable about a wide range of loan programs. Specializing in Jumbo second-home mortgages and new construction loans, for first-time homebuyers or seasoned homeowners, I’ll walk you through the mortgage process and answer your questions, big or small.

Throughout my career, I’ve helped my clients secure financing to purchase, renovate, build, or refinance their dream home. Because my business is built on referrals, my goal is to make your mortgage experience great!

Fixed-Rate Mortgage

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.

 

Financial Calculators

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

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