Whether it is the construction of a new residence, the purchase of an existing home or refinancing of your current mortgage, First Security Bank can develop a plan that is right for you! We offer a variety of competitively priced loan programs that meet the needs of our borrowers. Contact us today for a fast and FREE pre-qualification!
A standard fixed-rate loan where the interest rate is locked for the entire term of the loan. This is traditionally the most popular way to finance a home.
Balloon mortgage options are also available. The balloon is a fixed-rate mortgage in which the principal and interest payments are amortized over a longer period than the actual term of the mortgage. As a result, the borrower must refinance or pay off the outstanding balance at the end of the mortgage term. This is a good option for a non-traditional or agricultural property that may not conform to traditional fixed-rate guidelines.
Refinancing your mortgage is a great way to take advantage of lower interest rates, consolidate debt, or reduce one’s monthly payment or term of loan. It is very important to discuss your goals and all options with a mortgage professional who can evaluate your situation.
For all your home mortgage needs, contact one of our experts at 507-775-2316:
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