Mortgages
Twin Oak mortgage products will help open the door to your new home.
Save Today and Save Tomorrow Mortgage
Twin Oak is pleased to announce a new era in mortgage financing...
Our new “Save Now Save Tomorrow” mortgage will give Members flexibility while saving money.
Flexibility – 3.25% variable rate over a 5 year term with the ability to lock into our 5 year closed mortgage at 1% discount on our 5 year term rate.
| Term | 5-year open |
|---|---|
| Interest Rate | Variable rate for a term |
| Make additional payments | Fully open - you can repay up to 100% of the mortgage |
| Increase your payment amount | Payments can be increased by any amount |
| Payment frequency options | Weekly, Bi-Weekly, Semi-Monthly or Monthly |
Fixed-Rate Closed Mortgage
This mortgage offers you the security of a fixed interest rate, so you'll always have the knowledge that your payments will be the same amount for the term of the mortgage.
| Term | 6 month, 1-, 2-, 3-, 4-, or 5-years |
|---|---|
| Interest Rate | Fixed rate for a term |
| Make additional payments | Prepay up to 20% of your original mortgage amount annually |
| Payment frequency options | Weekly, Bi-Weekly, Semi-Monthly or Monthly |
Home Equity Line of Credit / MeritLine
Borrow up to 80% of the appraised value of your property and use it to finance your child's education, make home improvements, or to improve your investment portfolio. Apply only once and use it again and again for whatever you want.
- great low competitive variable rate
- interest only payments
- pre-approval and a guaranteed rate up to 90 days
- pay down at anytime, and reuse for whatever you want
- only pay interest on what you use
- one time legal and appraisal fees
- life and disability insurance available
Member Move
Twin Oak offers discount moving services for members buying or selling a home. Ask your member service representative for more details and save time and money on the moving day.