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Mortgage Services
Buying a new home or refinancing your mortgage is a big step. Centennial Bank will help find the mortgage that’s best for you.
Buying a new home is a source of anxiety, frustration, and a huge sense of accomplishment. You didn’t pick the house that was best for someone else; you picked the one that’s right for you! Trust the professionals at Centennial Bank to find the mortgage that best fits your needs.
Personal attention is the key. By listening, explaining our many financing options and making sure you’re informed every step of the way, we keep the loan process moving as smoothly as possible.
Refinancing your current mortgage has never been easier. If you thought refinancing meant getting buried under mountains of paperwork, think again! We make it easy and worry-free to reduce your interest rate and monthly payment.
Tapping into your home equity is easier than ever before. You’ve been paying down your balance and you’re ready to use that equity you have built up for other uses. Tap into that wealth and reward yourself. We’ll help determine the best program to help meet your goals.
Centennial Bank currently offers the following types of mortgages:
- Conventional Fixed-Rate Mortgages offering many terms. Offers stability and consistency in predictable monthly payments. It may be a good choice for people who expect to live in a home for an extended period of time.
- Adjustable-Rate Mortgages, with a typically lower initial mortgage payment. There is a potential for the monthly payment to increase if interest rates rise, so ARM’s are best for people whose income may increase over the loan’s life, or who plan on moving within the next few years.
- Interest-Only Loans help control your initial costs by paying only the interest. This loan is best for those professionals that receive a large portion of their income from commissions or an annual bonus.
- Balloon Loans
- Jumbo Loans, with mortgage programs over $417,000. We offer various fixed and adjustable rate mortgages for loans that exceed the conforming loan amount maximum.
- Second/Vacation Homes
- Investment Property
- Refinancing to reduce your interest rate and monthly payments on your existing first mortgage or consolidating your first and second mortgages into one loan.
- Debt Consolidation to reduce your overall monthly obligations by paying off those high interest rate credit cards and consolidating them into one loan.
Applying for a mortgage loan at Centennial Bank is quick and easy. For your convenience we have provided the following to assist you with the application process.
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