Chesapeake Bank

An adjustable-rate mortgage is a real estate loan in which the rate will adjust after a period of time. The loan has a rate cap that limits the percentage that the rate can change in each adjustment period and over the life of the loan.

Our Pathway Mortgage is a real estate loan with special qualifying requirements, such as lower income, less money down, and

lower closing costs to help purchase a primary residence. The interest is fixed for the term of the loan. Private mortgage insurance is not re­ quired. Grant funds may be available to assist with closing costs and down payment monies.

A short-term interest only loan for individuals to finance the construction, renovation, or addition to the residence.

A line of credit secured by the borrower’s residence based on the available equity.

A fixed rate loan secured by the borrower’s residence based on the available equity.

Short-term interest only loan designed to provide financing to assist moving from one home to another.