The Lake Bank's experienced mortgage bankers will help you choose the right mortgage to fit your needs, and will make prequalification simple and fast. Whether you are purchasing or building a new home or refinancing your current one, we have the right solution for you.
- Fixed Rate Mortgage structures your payment so that there will be no increases or decreases in the interest rate or your payment over the life of your loan. Various repayment terms are available.
- Adjustable Rate Mortgage (ARM) is a mortgage in which the interest rate and, generally, the payments change over the life of the loan. The interest rate is adjusted to match the rise or fall of a pre-selected interest rate index and the borrower's regular payments will increase or decrease accordingly. The benefit of an ARM is the initial interest rate is generally quite low. Various repayment terms are available.
We also offer Construction Loans which are meant to take the stress out of building! Let The Lake Bank help you make that dream come true with our hassle free construction loans.
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What sets us apart from the crowd? Having the best people to service any request you might have.