Adjustable Rate Mortgage (ARM)
Our mortgage lenders are here to help you choose the mortgage loan program that is right for you! To save you time and hassle, speak with a mortgage lender today to get prequalified. You’ll know exactly what you can afford, and with the variety of programs available, we’ll be sure to find what’s best for you!
Meet our Mortgage Team:
* Please do not send sensitive information via email
Fixed Rate Mortgage
With a fixed rate mortgage, the interest rate on your note stays the same for as long as you hold your mortgage, no matter how interest rates may change in the financial markets. With this type of mortgage, you know exactly how much you will pay in principal and interest on your home each month. (Remember, taxes and insurance on your home may change from year to year)
Home Equity Line of Credit
A home equity line of credit gives you the opportunity to tap into your home’s value by turning it into cash ready to meet your financial needs. It will provide you with the flexibility of having funds available when you need them.
Many common uses for a home equity loan include:
- Home Remodeling
- Vehicle Purchase
- Home Improvements
- Vacations
- Debt Consolidation
This type of loan may be available at a reduced borrowing cost compared to other unsecured loans and credit cards that generally charge significantly higher interest rates. Since your home is the collateral, a home equity loan generally features a lower interest rate.
Meet our Mortgage Team:
* Please do not send sensitive information via email
We Offer Both Personal and Business Banking Apps!
We know you have a busy lifestyle where making it into a local branch to do your banking is sometimes impossible. Oversee your finances on the go with our personal and business Bank of Old Monroe apps! Manage your accounts, check your account balances, or pay your bills with the personal banking app. Monitor your transactions, transfer money, mobile deposit, and approve ACH and wire transfers through the business banking app. It’s never been easier to perform banking actions – head over to our Mobile Apps page to learn more and download!