The Role of Private Mortgage Insurance (PMI)
When you buy a home, your monthly payment is based on more than the purchase price. Some will go toward taxes and interest, while another
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A HELOC gives you access to funds as needed, similar to a credit card. You borrow what you need, when you need it, and only pay interest on the amount you use.
If you know exactly how much you need, a fixed-rate loan provides a lump sum with predictable monthly payments and a rate that never changes.
Start Your Homeownership Journey with Confidence
At Fidelity Bank, we believe borrowing should be simple, personalized, and built around your needs. Our C.A.R.E. Process ensures that we take the time to understand your financial goals and provide clear, tailored solutions to help you move forward with confidence.
Connect with a Home Lending Specialist today and let’s build a plan to help you find the perfect home.
No matter your goal, Fidelity Bank is here to help you move forward with confidence.
| Product | Interest Rate | APR | Payment/$1000 |
|---|---|---|---|
| 6-Month Introductory Rate Home Equity Line** | 5.99% for 6 months then Prime minus .50% for life of loan*** | 6.250% | $3.33 |
| 5 YR Home Equity Loan | 6.740% | 6.740% | $19.68 |
| 10 YR Home Equity Loan | 6.990% | 6.990% | $11.61 |
| 15 YR Home Equity Loan | 7.490% | 7.490% | $9.26 |
| 20 YR Home Equity Loan | 8.000% | 8.000% | $8.36 |
When you buy a home, your monthly payment is based on more than the purchase price. Some will go toward taxes and interest, while another
Many of us dream of becoming homeowners. But is that actually the best decision for your financial future? When it comes to renting vs. buying
The average U.S. home now sells for over $500,000. That can mean a monthly mortgage payment of $2,700 or more. Given these costs, it’s easy to see
*Home equity lines and loans are available on 1-2 family owner-occupied homes and condominiums only. Loans available from $10,000 and up. Property insurance required.