Offering a wide-variety of financing options to meet your needs.
Fixed and Adjustable-Rate Mortgages
Wither it's for your principal residence, an investment property or a vacation home, we offer:
conventional and jumbo loans
long-term rate rocks
Some of our most popular products include:
Thirty-Year Fixed Rate Mortgage
The traditional 30-year fixed-rate mortgage has a constant interest rate and monthly payments that never change over the life of the loan. This type of loan is suitable to the borrower who plans on staying in the home for generally greater than 7-years and likes the consistency of the fixed principle and interest payment.
Fifteen-Year Fixed Rate Mortgage
The traditional 15-year fixed-rate mortgage offers a consistent interest rate and monthly payments over the shorter 15-year repayment period. Borrows selecting this type of mortgage, will have a lower interest rate—and the ability to own their home twice as fast.
ARM (3/1 ARM, 5/1 ARM, 7/1 ARM)
Your interest rate and monthly principal and interest (P&I) payments remain the same for an initial period of 3, 5, or 7 years, then adjust annually. Borrows selecting these types of mortgages, typically benefit from the lower initial rate and expect to move or refinance within a few years.
If you are looking to build and finance your primary residence or vacation home, this type of loan will help you demolish an existing home and build a new one in its place; buy a lot and build; or finance major renovations to your current home. BMT has flexible programs offering interest only payment options during construction. It all starts with the ease and convenience of a single closing, which can dramatically reduce expenses. At the end of construction, your loan converts to a permanent mortgage and you save time and money.