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Fixed Rate Mortgage
You want an affordable monthly payment that’s predictable. An MBT Fixed-Rate Mortgage offers you a competitive interest rate that stays the same for the life of your loan, so it’s very easy for you to budget around.
Features and Benefits
- Predictable fixed monthly payments based on amount borrowed and term of loan.
- With Primary Mortgage Insurance, you may not have to make a down payment.
- Convenience of one monthly payment.
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Current Rates
| Fixed Rate Mortgage - 15 Year |
| Term |
Rate |
APR |
Points |
| 15 Year Fixed |
0.000% |
#N/A |
0.000% |
| 15 Year Fixed |
6.000% |
6.305% |
0.375% |
| 15 Year Fixed |
5.625% |
6.175% |
2.000% |
See important disclaimer information below. |
| Fixed Rate Mortgage - 30 Year |
| Term |
Rate |
APR |
Points |
| 30 Year Fixed |
0.000% |
#N/A |
0.000% |
| 30 Year Fixed |
6.000% |
6.184% |
0.375% |
| 30 Year Fixed |
5.625% |
5.962% |
2.000% |
See important disclaimer information below. |
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Competitive Rates, Consistant Payments
With a Fixed Rate Mortgage, MBT takes the guesswork out of home financing with a smart solution that’s easy to plan for. With an MBT fixed-mortgage you’ll get a competitive interest rate that stays the same for the life of the loan.
An MBT fixed-mortgage can be used to purchase your primary residence, buy a second home, or even buy an income property. Plus, you can pay off the loan early without any penalties or fees.
This is the perfect choice if you are planning on staying in your home for a long time. Contact an MBTeam banker at 734-242-2204 to see if an MBT Fixed-rate Mortgage is the right choice for you. Click here to apply online or find answers to frequently asked questions about mortgage loans.
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Mortgage Services provided by MBT Credit Company, Inc. a subsidiary of Monroe Bank & Trust.
Rates shown above are Best Rates based upon credit scores. Interest rates and/or points are subject to change without notice, and may vary based on credit quality, loan amount and property type. The Annual Percentage Rates (APRs) disclosed above assume a 20% down payment on the purchase of an owner occupied one unit dwelling, with no secondary financing. The APR does not include recording fees or title insurance. All loans subject to credit approval. Rates quoted are for loans with escrow accounts and are for 30 day lock period, extended rate lock periods are available, but may be at a higher rate and/or additional fee. It is the reader’s responsibility to verify rates with an MBT loan officer. |
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