First Fed offers competitive interest rates, as well as local approval, local processing and local servicing. Visit us today to see how we can help you!
First Federal . . . Right Here When You Need Us!

Fixed and Adjustable Rate Mortgages (ARMS)

First Fed offers competitive interest rates, as well as local approval, local processing and local servicing. Visit us today to see how we can help you!


First Fed offers competitive interest rates, as well as local approval, local processing and local servicing. Visit us today to see how we can help you!



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Fixed Rate Mortgages

  • Provides stability knowing interest rate and monthly principal and interest payment will not increase over the life of the loan
  • Interest rates are generally higher than adjustable-rate mortgages

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjustable-Rate Mortgages

  • Adjustable-Rate Mortgages differ from Fixed Rate Mortgages
  • Interest rate changes periodically
  • Monthly payments may go up or down accordingly

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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