Fixed-rate mortgages are perfect if you prefer stable and consistent payments. Although they typically come with a higher Annual Percentage Rate (APR) compared to Adjustable-Rate Mortgages (ARMs), they offer predictability by maintaining the same interest rate throughout the loan term. This ensures that market fluctuations will not affect your monthly payment, making it ideal for those who value long-term stability.

Fixed & Adjustable-Rate Conventional Mortgages
Two solutions to fulfill your homeownership goals
Fixed-rate home loans
GTE Financial offers 10, 15, 20, and 30 year Fixed1 home loan options
Great for you if:
- You plan to stay in your home long-term
- Interest rates are currently low
- You have a tight monthly budget
- You expect your income to remain stable
- You prefer the certainty of a fixed interest rate and monthly payment
Advantages:
- Most predictable home loan option
- As little as 5% down payment (95% Loan-to-Value)
- Fixed interest rate for the entire loan term
Speak to one of our dedicated Loan Executives today
Adjustable-Rate Mortgages (ARMs)
ARMs typically offer an introductory lower interest rate compared to fixed-rate mortgages. After an initial period, the interest rate adjusts based on market conditions. This type of loan is ideal if you plan to sell your home within the introductory period or anticipate a decrease in interest rates.
GTE Financial offers multiple ARM term options:
- 5/6-month ARM: Fixed APR for the first 5 years, adjusting every 6 months thereafter
- 7/6-month ARM: Fixed APR for the first 7 years, adjusting every 6 months thereafter
- 10/6-month ARM: Fixed APR for the first 10 years, adjusting every 6 months thereafter
Great for you if:
- You have short-term homeownership plans
- You anticipate interest rates will decrease after the introductory period
- You plan to refinance within a few years
Advantages:
- Interest rate increase capped at 5%2
- No requirement for a 20% down payment
- Cash out Refinance Available
- Typically, lower initial interest rates compared to fixed-rate loans
Speak to one of our dedicated Loan Executives today
We also offer Homeowners Insurance!
GTE Insurance has you covered! Request a free quote today.
Features & Benefits
- Competitive interest rates
- Flexible down payment options
- Choice of loan terms
- Options for second home purchase
All loans are subject to approval.
1-An example Annual Percentage Rate (APR) for a 30-year fixed mortgage is 6.80%. For a $200,000 loan for a term of 30 years with a 6.80%APR, the monthly payment will be $1,303.86. For a $200,000 loan for a term of 20 years with a 6.80%APR, the monthly payment will be $1,526.68. For a $200,000 loan for a term of 15 years with a 6.80%APR, the monthly payment will be $1,775.37. For a $200,000 loan for a term of 10 years with a 6.80%APR, the monthly payment will be $2,301.61. Payment examples do not include taxes and insurance premiums and the actual payment obligation may be greater. The APR stated is an estimate and is intended for informational use only. Your actual APR may vary based on your actual loan amount. Rates are subject to change without notice. Your actual rate and/or points may be different, as many factors are evaluated for loan approval. These products are subject to change or cancellation at any time without prior notice.
2-A rate cap is a limit on how much the rate can change at the end of each adjustment period over the life of the loan.