Community Bank of Bergen County, NJ Introduces New Prestige Fixed-Rate Mortgage Products

Before you go, we thought you'd like these...
Before you go close icon

Community Bank of Bergen County, NJ Introduces New Prestige Fixed-Rate Mortgage Products

CBBC Expands Mortgage Options Adding 20-Year and 30-Year Fixed Consumer Loans to its Lending Portfolio

MAYWOOD, N.J.--(BUSINESS WIRE)-- Community Bank of Bergen County, NJ (OTCQB: CMTB) introduced its Prestige Fixed Rate Mortgages which are available in 15, 20 or 30 year loan terms, with competitive rates and no points.


"We are excited to offer our customers new residential mortgage options," said Peter A. Michelotti, President and CEO of CBBC. "Fixed rate mortgages are a desirable option because the term is fixed for the lifetime of the loan. They offer protection from rising interest rates, a formidable concern in today's market as mortgage rates jump up from all time lows. CBBC is pleased to be able to provide competitive options for its customers."

The New Prestige Mortgages are available to customers for the purchase or refinance of New Jersey Residential one- to four-family, owner-occupied properties, with a maximum loan up to $750,000. Other fixed rate programs are also available for jumbo consumer loans. The new mortgage products will complement CBBC's existing suite of residential loan options, including its five and ten year Adjustable Rate Mortgage (ARM) loans, its Residential Construction loan and its First Time Homebuyers program.

Community Bank of Bergen County, NJ is an Equal Housing Lender.

For more details on CBBC's Prestige Mortgage products visit: www.cbbcnj.com

About Community Bank of Bergen County

Established in 1928, Community Bank of Bergen County, NJ (CBBC) serves the northern New Jersey community with four locations in Rochelle Park, Maywood, Fair Lawn and Garfield. Dedicated to superior service, the bank offers a range of customized personal and business banking products and the convenience of 24-hour ATMs and online banking.

With lending decisions made locally, and a responsive management team, Community Bank of Bergen County is committed to providing an exceptional banking experience.

For more information on CBBC, visit the Bank's web site at www.cbbcnj.com.



Community Bank of Bergen County, NJ
Peter A. Michelotti, 201-587-1333
President and CEO
investorrelations@cbbcnj.com

KEYWORDS:   United States  North America  New Jersey

INDUSTRY KEYWORDS:

The article Community Bank of Bergen County, NJ Introduces New Prestige Fixed-Rate Mortgage Products originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners