Home Loans

At FBM Finance, we deeply understand the importance of owning a home as a milestone in life’s journey. We are wholeheartedly committed to helping our clients achieve their dream of homeownership.

Our offerings include a variety of mortgage options, such as variable and fixed rate loans, giving our clients the flexibility to choose a solution that best fits their financial objectives. With variable rate mortgages, you might benefit from lower interest rates initially, but your payments could fluctuate over time with changes in the market rates. On the other hand, fixed rate mortgages provide the stability of uniform payments for a set period, which is usually one to five years. Once this fixed period ends, clients can either lock in a new fixed rate or switch to the current variable rate.

Our repayment options are designed to cater to different needs: the traditional principal and interest plan or an interest-only strategy. Choosing principal and interest means your payments will go toward reducing the loan balance while covering the interest, resulting in relatively steady payments throughout the loan term, except for any changes in interest rates or lender fees.

Opting for interest-only payments, on the other hand, allows you to postpone paying down the principal and focus on paying just the interest for a set period, typically one to five years. This can initially lower your payments, which is often attractive to investors or those prioritizing short-term financial relief. However, be prepared for payments to rise substantially when you start to repay the principal. Contact us today for more details and personalized advice!