Isabella Bank
Isabella Bank
Joann Sanders
316 E. Saginaw St.
Breckenridge, MI 48615
Phone - (989) 842-3191
Fax - (989) 842-3448
Home Loans
Whether you are buying a home or refinancing, building a new home, or looking to use the equity you've created to make home improvements, the mortgage professionals at Isabella Bank can help you find the mortgage to fit your needs. For more information, current mortgage rates or to apply online - visit, email, or apply online.
Buying / Refinancing
* Fixed Rate Mortgages
Interest rate stays the same throughout the term, keeping your principal and interest payments the same for the life of the loan.
* Balloon Mortgages
Payments are usually based upon a 30 year term. Every 3 to 5 years the loan matures and is refinanced at the current rates available for the remaining term of the loan.
* Balloon Reset Mortgages
For 5 to 7 years the interest rate remains the same. At maturity, it is converted to a fixed rate mortgage for the remaining term.
* Jumbo Mortgages
A type of mortgage for homes of high value.
Building a New Home
* Construction Mortgages
A six month line of credit used for building a new home. Interest is paid monthly during construction and then upon completion the loan is refinanced for payments that will include principal and interest.
Home Improvements
* Fixed Home Equity
Allows you to use the equity in your home to do home improvement projects. The loans are established with a fixed payment and fixed rate until the loan matures.
* Home Equity Lines of Credit
Allows you to use the equity in your home to do home improvement projects. These are revolving lines of credit giving you the ability to draw against the available balance. These loans have a variable rate and the monthly payment is dependant upon the outstanding balance of the loan.
© 2008 Isabella Bank.
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