Centinel Bank offers competative 30-year mortgage rates.
Home Equity Line of Credit
Put the equity in your home to use as a powerful financing option
for home improvements, major purchases, education funding, weddings,
etc..
Just like a business does, you are given a line of credit with checks
that
you write when you need them. Open a Home Equity Line of Credit and
use it whenever you need it. Once approved, accessing your money has never
been easier, creating endless opportunities! Consider these options:
- Attractive financing rates below standard consumer loans
- Flexible payment plans
- Minimal closing costs
- Tax deductions may apply (consult your tax advisor)
- Contact us for more information.
Home Loans – Purchase, Construction, Refinance
A flexible lender is just as important to the process of purchasing or building your dream home as a competent builder or a good realtor. From the purchase of your land through construction of your home and ending with a permanent mortgage loan, allow Centinel Bank to leverage years of experience, convenience and competitive financing to achieve your dreams. Contact us for more information.
Construction Loan
Centinel Bank specializes in helping customers build their dream home. The construction loan program provides short term financing for a specified period with interest only payments up to a 12 month term. Upon completion of your home the bank will refinance your construction loan for the long term with the appropriate loan program that fits your needs. Contact us for more information.
Fixed Rate Mortgage Loan
A mortgage loan that provides for one interest rate for the entire term of the loan. The 15 and 30 year programs are two of the most popular conventional products that make up a great majority of the typical mortgage lender's activity. However, at Centinel Bank there are many more programs available that may suit the needs of your special borrowing requirements. Contact us for more information.
Adjustable Rate Mortgage Loans and Interest Only Loans
These mortgages generally have lower beginning interest rates (and lower payments) than fixed rate mortgages. Typically a person who may only stay in a home for a short period of time may choose this product to reduce the mortgage costs during their limited stay in the home. Many borrowers choose this product to keep their mortgage payments at a minimum during the early years of a loan and if rates increase, the borrower’s income may also increase to help offset the impact on their budget. Contact us for more information.
Unique Loans for Unique Circumstances
As Taos County’s only locally-owned Community Bank, we are always looking for ways to help you figure out your unique situation, especially when it comes to helping people get into a home. Let us know how we can help you realize your dreams. Contact us for more information.
