Whether you’ve found your dream home or you’re looking to refinance your forever home, Bar Harbor Bank & Trust has the right mortgage products for you. We provide quick, local decisions, and our team of experts can help you choose the right mortgage.
Purchasing a home is the largest investment many of us will ever make. So finding the right mortgage and the right lender is critically important. You probably have questions. We have answers. To get started, visit our Mortgage Center to:
- Check rates, terms, and fees and get answers to frequently asked questions
- Use free calculators, understand the mortgage process, browse the comprehensive glossary of terms, and more
- Apply for a mortgage using our online application
Talk to a Mortgage Expert
Our mortgage team is available to answer questions, no matter where you are in the process.
If you’re ready to start, we are too!
If you are seeking a Construction or Housing Finance Authority loan, please contact a lender.
Fixed rate mortgages feature an interest rate that doesn’t change over the life of the loan. The principal and interest portion of your monthly payment won’t fluctuate, which makes it easy to budget for your mortgage payments. Even if interest rates rise over time, your rate will stay the same. Enjoy predictable payments that make budgeting easy, with terms from 10, 15, 20, or 30 years.
An adjustable rate mortgage (ARM) has an interest rate that changes over time. Typically the rate remains fixed for a set number of years, such as three, five, or even as many as 10. The initial fixed rate tends to be lower than that of most fixed rate mortgages, leading to lower monthly payments during the fixed period. However, after the fixed period ends, the rate changes periodically – up or down – usually on an annual basis, which will cause your monthly payment to change.
Designed to help keep your new home construction on track. We offer amazing flexibility and a smooth process with great rates for both end purchase mortgages and construction loans. Contact a lender for more information and to apply.
Housing Finance Authority
Provides access to fixed rate mortgages for low- and moderate-income homebuyers, including helpful First Time Homebuyer programs. We partner with MaineHousing and New Hampshire Housing. Contact a lender for more information and to apply.
Home Equity Lines of Credit
A home equity line of credit (HELOC) from Bar Harbor Bank & Trust can provide you with money to use for major purchases. Your line of credit is secured by your home and set for a specific amount. You can use as much or as little as you need and only when you need it. A HELOC is one of the most affordable borrowing options available, with easy access to funds and experienced home lending specialist to guide you along the way. Learn more about a HELOC.
Fixed Rate Home Equity Loans
Also known as a second mortgage because it is secured by your house, a Home Equity Loan lets you borrow the funds you need all at once for a certain period of time. Use the equity in your home to make a major repair or upgrade, such as a new furnace or roof. Your rate and term are fixed, so you’ll have a consistent monthly payment for a set number of years. Learn more about a home equity loan.