A mortgage loan is a loan to finance the purchase of your home.
Your home is collateral for the loan, which is also a legal contract you sign to promise that you'll pay the debt--with interest and other costs--typically over the course of 15 to 30 years.
Want to save thousands of dollars over the life of your mortgage? If you're in the market to buy a home or refinance, and have at least 20 percent equity, you should consider one of our short-term mortgages.
You benefit from:
- Low rates
- No application fees
- Flexible terms for 7- or 6-years (with up to 25-year amortization)
- 33-day rate lock
- No prepayment penalties
- Easy application process - apply by phone or at any branch
- Interest paid on mortgage loans may be tax deductible; consult with your tax advisor regarding deductibility of interest
- The balance on a mortgage loan may qualify you for waived service charges on Classic Checking Account