Mortgages

Buying or Building

Let’s face it — not many purchases in your life are as big as this one! So make sure you deal with a financial partner you can trust.  We offer a variety of mortgage products to suit your individual needs.

Refinance

Refinance your home to pay off debt, lower monthly payments or enhance your overall financial plan.

Mortgage Programs

Not all borrowers or mortgages are alike. Commodore Bank offers a variety of programs with differing rates and terms, so you can choose the mortgage plan that best suits your financial situation.

Home Equity Loans and Lines

Turn the equity in your home into cash. Use the money any way you like: make repairs and improvements or consolidate your finances!

HOME EQUITY

Home Equity Loan
These loans are ideal for borrowers who have a specific need and wish to repay in regular monthly payments over an extended period of time.

Home Equity Line of Credit
A flexible, revolving line of credit that allows you to borrow against the equity in your home in just the amounts that you need at the time you need it.

MORTGAGE PROGRAMS

Adjustable Rate Mortgage (ARMs)
Lower initial interest rate and payments than other mortgage loans. Rate will adjust periodically with market conditions for the remainder of the loan.

Fixed Rate Mortgage
Designed for easy monthly budgeting. The monthly payment and the interest rate remain the same throughout the loan.

Home Construction & Renovation
To finance the construction costs of a primary, single family property or for major renovations to an existing property. When construction is completed, the loan can be converted to a fully amortizing mortgage.

Home Equity & Home Improvement
Turn the equity in your home into cash. Use the money any way you like: make repairs and improvements, consolidate your finances or even go on vacation!

These loans are ideal for borrowers who have a specific need and wish to repay in regular monthly payments over an extended period of time. Home Equity Line of Credit A flexible, revolving line of credit that allows you to borrow against the equity in your home in just the amounts that you need at the time you need it.

REFINANCING YOUR HOME

Refinance your home to pay off debt, lower monthly payments or tap into the value of your home and use the money as part of your overall financial plan. You can use refinancing to change or improve the terms of your current mortgage by lowering your monthly mortgage payments and/or lengthening the term of your loan. Or, you could shorten the term of your mortgage and build the equity in your home more rapidly.

Almost any mortgage or home equity product may be a good way to refinance your existing mortgage or home equity loan(s)-as long as it improves on your existing mortgage terms or opens up new financial possibilities.