Home Mortgage Loans

Whether you are a first-time buyer or purchasing your next home, Carroll Bank & Trust is here to help remove the stress from financing your purchase. Our Home Mortgage Loans provide our customers advanced solutions so they can rest assured they are getting the best rates and affordable payments.

Are you looking for more than just buying a new home? We can help you refinance, make improvements to your house, or build a brand new one. Our lending officers can help you identify your goals to find the right mortgage for your needs.

With competitive rates, experienced lending professionals and local decision-making, you’ll be sure to find a loan at Carroll Bank & Trust that meets your needs. To apply for a mortgage, call or stop by and talk with one of our lending officers.

How to Plan for You Home and Mortgage Loan

Planning and discipline that determines what and how you spend contributes to your future financial success. Here are some tips Carroll Bank & Trust recommends for sound financial management during this demanding time of your life.

1. Shop for the best mortgage and consumer loans – Seeking the best mortgage or consumer loan by shopping, comparing and negotiating may save you thousands of dollars. A mortgage—whether for a home purchase, refinancing or a home equity loan—is a product, just like a car, so terms may be negotiable. You’ll want to compare all the costs involved in obtaining a mortgage including interest rates, points, fees and down payment and private mortgage insurance requirements. Home equity loans and lines of credit can be helpful when extra cash is needed to reduce significant credit card debt—but be cautious about re-building credit card debt once it is paid.

2. Understand your credit report – Your financial behavior over the past seven years, including how much credit you have, how long you’ve had it and whether you pay your bills on time is information included in your credit report. Three credit reporting agencies — Equifax, TransUnion and Experian — maintain these reports, and lenders buy them to help them decide whether to offer you a prequalification. Your credit report also carries your credit score ranked between 300 and 850 that many lenders use to decide whether you are creditworthy and will you’ll repay a loan. Your credit score can also influence the interest rate you pay. In many cases the higher your score, the lower your interest rate. Your credit score is available from the three credit reporting agencies:

Equifax – www.equifax.com
TransUnion – www.transunion.com
Experian – www.experian.com

For help determining the best accounts and products for sound and productive money management during your Active Families Lifestage, please contact us at 731-986-4401.

We are currently remodeling our Huntingdon Branch. Investments and Lending are temporarily located in the building to the right of the Employee Parking Lot. For additional questions, please give us a call.   Contact Us