Here are the benefits of each type of mortgage loan:
Purchase Loans:
- No borrow paid private mortgage insurance
- No appraisal fee
- No required tax escrow
- Quick, local decisions
- Financing up to 97% LTV
New Construction Loans:
- Enjoy all of the above, plus a 360-day rate lock
Refinance Loans:
- Tired of your mortgage being sold to different lenders or not knowing who to call when you have a question about your mortgage? When you refinance with Trustco Bank, you know you can deal with the same loan originator from application to closing and over the life of your loan.
