Friday, May 06, 2016

Mortgage Loans

Call our Main Office at (517)676-0500 or our East Lansing Office at (517)337-5000

 

Fixed Rate Mortgages
This is the most traditional type mortgage, and many people like the security it offers. A fixed rate mortgage allows you to know exactly how much you’ll pay in principle and interest every month for the entire life of the loan.

The most common terms are the 15 and 30 year loan, but you can also select a term somewhere in between.

Click here to calculate your loan
 

Construction Loans
Financing construction of a new home requires a special type of mortgage loan. As construction progresses, the contractor will require payments for work as it is completed. Mason State offers a single closing for the construction loan and the permanent loan avoiding double costs!

Interest only payments during construction period.
 

Home Equity Loans-Fixed and Revolving Lines Available
Tapping into the equity you’ve built in your home is a smart way to finance a new car, home improvements, a vacation or college costs. Home equity loans are available in a fixed rate product or line of credit.

Borrow against your home’s equity and take advantage of the few remaining tax deductions. Check with your tax professional regarding deductibility of interest payments.

For error resolution and information requests contact us at Mason State Bank, Mortgage Department, PO Box 130, Mason, MI  48854.

Disclosure
The Nationwide Mortgage Licensing System and Registry offers NMLS Consumer AccessSM, which is a free service for  customers to confirm that the bank or  mortgage company and the mortgage professional with whom they wish to conduct business  with are registered with the federal system or licensed, if required, in the state in which they conduct business. To access this free service please go to http://www.nmlsconsumeraccess.org/ . View a listing of Mason State Bank Loan Originators and their National Mortgage Licensing System (NMLS) unique IDs. Mason State Bank #715506

 

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