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.
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.
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.