When rates are low like they are now, shorter mortgage terms become an increasingly enticing alternative to the longer 15- and 30-year mortgage loans. Although the monthly payment can be much higher, for some being mortgage-free faster may be worth it.
With a 3.51% APR*, 10-year fixed mortgage, you could enjoy:
- Building equity faster
- Locking in a lower interest rate
- Saving money in interest and mortgage insurance
If you’re interested, our website is a good place to get started.
*Annual Percentage Rate (APR) subject to change without notice and based on a first lien for an owner-occupied, single-family residence, maximum combined loan to value of 85%, a credit score of 720 or higher, direct deposit to a CNB checking account and automatic payments from that account. For a $100,000 loan at an interest rate of 3.25% and 3.51% APR, the estimated monthly payment would be $977.19 for 120 months. Payments do not include amounts for taxes and insurance premiums and the actual total payment obligation may be greater. Subject to credit approval and program qualifications.