||Provide interest rate flexibility with an adjustable rate mortgage or the stability of a fixed rate mortgage; 15 or 30 year term; rates set and adjust according to market conditions
||Benefit of a one-time closing; interest only during construction phase, typically nine months, then regular principal and interest payments begin
|Home Equity Lines of Credit
||Revolving credit line secured by primary residence; help to pay for home repairs, college education or major purchases as long as there is adequate equity in the property; 25 year term.
||Provide financing of new and used automobiles, boats, and RVs; personal loans available
||Use an Optima Bank savings or certificate of deposit account as collateral; continue to earn interest on deposit amount; interest on loan only small percentage higher than deposit account rate
|Overdraft Protection Line of Credit
||For those who qualify, this unsecured line of credit saves the inconvenience of an overdrawn checking account