Mortgage Programs
Not all mortgages are alike. Commodore Bank
offers a variety of programs with different rates and terms, so
you can choose the mortgage plan that best suits your financial
situation.
Adjustable Rate Mortgage (ARMs)
Lower initial interest rate and payments than
other mortgage loans. Rate will adjust periodically with market
conditions for the remainder of the loan.
Fixed Rate Mortgage
Designed for easy monthly budgeting. The
monthly payment and the interest rate remain the same throughout
the loan.
Balloon Mortgage
Gives you the ability to amortize your loan
over a longer period. At the end of the balloon period, this
loan must be refinanced or paid in full.
Home Construction & Renovation
To finance the construction costs of a
primary, single family property or for major renovations to an
existing property. When construction is completed, the loan can
be converted to a fully amortizing mortgage.
Home Equity & Home Improvement
Turn the equity in your home into cash. Use
the money any way you like: make repairs and improvements,
consolidate your finances or even go on vacation!
These loans are ideal for borrowers who have
a specific need and wish to repay in regular monthly payments
over an extended period of time. Home Equity Line of Credit A
flexible, revolving line of credit that allows you to borrow
against the equity in your home in just the amounts that you
need at the time you need it.
Government-Insured and First-Time Buyer Programs
FNMA Fannie Mae
Construction Financing
1, 3, and 5 Year ARMs available. Nine-month
rate locks through construction period.
Start the
Mortgage Process now or
contact us for
more information.
Call our Mortgage Center to complete your
application over the phone or to set up an appointment to meet
with one of our Mortgage Specialists.
You can arrange to have a personal
consultation at any of our
convenient branch locations.
The Mortgage Center at
Commodore Bank
PO Box 460
Somerset, OH 43783-0460
Theresa Daniels 740.468.2265
tdaniels@commodorebank.com
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