Mortgages

Mortgages

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Mortgages

Which Mortgage Loan is Right for You?

Fixed-Rate Mortgage

It's right for you if:

You appreciate the certainty of fixed principal and interest payments over the entire term of the loan
You are planning to remain in the house indefinitely
You are concerned by interest rate fluctuations

Adjustable-Rate Mortgage (ARM)

It's right for you if:

You prefer a lower initial interest rate and can handle possible increases at various adjustment intervals.
You intend to live in the property for just a few years or plan to refinance before the rate adjustment interval

Jumbo Mortgage

It's right for you if:

You are borrowing more than $417,000

Construction/Permanent Loan

It's right for you if:

You are financing new construction of a primary home so you need a construction loan followed by a home mortgage

Refinancing

It's right for you if:

Your Adjustable-Rate Mortgage is approaching its adjustment interval
You want to access cash for expenses such as home renovations, tuition, or debt consolidation

Affordable Housing Program

It's right for you if:

You need assistance for down payment or closing costs
You meet eligibility requirements

Manufactured Housing

It's right for you if:

You are buying a pre-fabricated, pre-cut, kit, or modular home. (If wall panels and/or other sections are trucked to the building site and assembled on a foundation, this is not a mobile home. See our great personal loan products for that purchase.)

Contact a Wilmington Trust mortgage specialist today at 1-866-829-1929 to initiate the pre-approval process or to apply for a mortgage. Or visit your nearest branch office.

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