Consumer Lending Products
Residential Home Mortgage
Which MORTGAGE LOAN type will be more convenient for me, you ask?
We are happy to inform you that Ocean Bank, your community bank, offers a variety of mortgage loan programs to meet each individual's specific real estate financing needs.
For those of you who want peace of mind and security in knowing that your monthly Principal and Interest payment will never increase during the life of your loan, we recommend the Fixed Rate Mortgage Loan.
The Adjustable Rate Mortgage Loan is for those who prefer to assume the risk of periodic changes in their monthly Principal and Interest payment. The adjustable rate offers monthly mortgage payments, which are less stable than the fixed, but allows you to take advantage of a lower initial interest rate and payment. This rate could fluctuate, up or down, throughout the life of the loan. For your protection, there is a minimum and maximum rate allowed under this program.
In addition to the Fixed and Adjustable Rate Mortgage Loans, there are other types of programs available.
Don't hesitate, find out what we have to offer!
For more information on any of these programs, please contact the Residential Mortgage Loan Department at (305) 569-5181.
Guadalupe Drake, Vice President
gdrake@oceanbank.com
Martha Delgado, Loan Officer
mdelgado@oceanbank.com
Enrique Villaronga, Senior Vice President
evillaronga@oceanbank.com
