Adjustable Rates

Bankers Trust has been in the commercial banking business for a long time – since 1917, to be exact. Their success is a result of attention to customer service, and like any reputable lending institution, Bankers Trust knows that a well educated consumer makes the best customer.

When individuals come to Bankers Trust for their home mortgage finance needs, they can trust their loan officer to explain all the options available. One choice is an adjustable rate mortgage loan.

As your Bankers Trust loan officer can explain, a flexible rate loan is “pegged” to an index, such as the one for Treasury securities. The rate for your loan changes at specified points to reflect the changes in the selected index and there is a cap on how high the interest rate can go. Both of these conditions will be clearly specified by your Bankers Trust loan officer. He or she will let you know how changes in the interest rate can impact your monthly payment.

This can be a good way to take advantage of changes in the market. By choosing the adjustable interest rate option to finance your home mortgage loan, you can put yourself in a position to enjoy the effects of a lower interest rate. However, keep in mind there is no guarantee that interest rates will not go up rather than down.

Think carefully and consider all scenarios before deciding which type of mortgage loan is right for you. Whichever you choose, you can rest assured that Bankers Trust will be behind you every step of the way, providing the support and information you need to make the home buying experience as pleasant as possible.