3 & 5 Year Balloon Mortgage
A balloon mortgage is a short-term loan that offers lower monthly payments. Your loan is not fully paid after the initial term, so your payment “balloons” to include the remaining balance. This loan is beneficial if you plan to sell your home before paying it off, or if you are expecting your income to increase significantly at loan maturity. A balloon mortgage can be refinanced at the end of the initial term.
|Finance up to current secondary market guidelines||High loan to value financing|
|Competitive fixed interest rate||Peace of mind, affordable|
|Balloon term 3 to 5 years, amortization up to 30 years||Flexibility|
|Access to account information in person, by mail, and Online Banking||Convenient|
|Apply for mortgage loans in person, by mail, or internet||Convenient|