As a reminder NVE Bank personnel will never call you and ask that you provide them with account access information such as your bank card PIN number, your online banking password, or to verify your security questions and/ or answers. If you receive an unsolicited call from someone representing NVE Bank and they are asking you for this type of information, Do Not Provide, and call your local branch office. Many fraud scams use these types of practices to try and gain access to your banking account(s).
The Fixed Rate Loan offers you the stability of a fixed interest rate with the benefit of having the same principal and interest payment over the lifetime of the loan. NVE offers terms of 30, 20, 15, 10, or even 7 years to repay your loan.
Adjustable Rate Mortgage
You can get a lower interest rate for short period of time.
Adjustable Rate Mortgage Loans offer a lower introductory interest rate with lower interest and principal payments for predetermined initial period. After the initial period, the interest rate and principal payment can go up or down on an annual basis until you loan is repaid.