On Saturday, June 3 from 8:00 p.m. – 3:00 a.m., Online Banking and Mobile Banking will be unavailable due to scheduled maintenance.
On Saturday, June 3 from 8:00 p.m. - 3:00 a.m., Online Banking and Mobile Banking will be unavailable due to scheduled maintenance.
On Saturday, June 3 from 8:00 p.m. - 3:00 a.m., Online Banking and Mobile Banking will be unavailable due to scheduled maintenance.
A buydown mortgage allows you to receive a lower interest rate for at least the first few years of the mortgage, or possibly its entire life. The borrower pays an upfront fee to reduce the interest rate on their loan, which is paid in the form of points – a percentage of the loan amount. For example, a borrower might pay two points (2% of the loan amount) to reduce their interest rate by 1% for the first three years of their mortgage. This can be an effective way for borrowers who want to lower their monthly mortgage payment in the short term or expect their income to increase over time.
Not sure which loan product makes the most sense for your financial situation? Here are some advantages to fixed-rate mortgages from Traditions Mortgage:
If you’re considering purchasing a new home in the future, the first step is to speak with a Traditions Mortgage lender about the price range that is feasible for your income and lifestyle. If you’re like most homebuyers, you don’t have thousands of dollars on hand for out-of-pocket closing costs or hefty down-payments. That’s okay! Our team of local Mortgage Partners in York, Hanover, Lancaster, Camp Hill and the Capital Region can help you through every step of the mortgage process.
At Traditions Mortgage, we are dedicated to assisting our customers with the home buying and refinancing process. If you feel that a buydown mortgage is best for you, call one of our local Mortgage Originators today.
New to Online Banking? Enroll Now
The website you have selected is an external website located on another server. Traditions Bank has no responsibility for any external websites. It neither endorses the information, content, presentation, or accuracy, nor makes any warranty, express or implied, regarding an external site.