HOME MORTGAGES

Mi BANK offers a variety of mortgage financing options. We provide a simple process with a high level of both trust and service and make certain you get the right loan, a competitive rate and exceptional service that will continue long after your loan is closed.

Helpful Tips
Tools & Resources
Calculators

Fixed Rate Mortgages

  • The traditional fixed rate mortgage loan is the most popular loan program
  • May be used to purchase a new home, refinance your primary resident, second home, vacation home or investment property.
  • The fixed rate and payment throughout the life of the loan provide peace of mind

Adjustable Rate Mortgages (ARMS)

  • ARM choices include 5 year, 7 year and a 10 year term
  • May be used to purchase a new home, refinance your primary resident, second home, vacation home or investment property.
  • Up to 30 year term amortization

Pre-Qualifications

Win the deal in this competitive purchase market with a pre-qualification from Mi BANK. We love working with prospective home buyers to determine the loan amount they qualify, what costs, fees and of course what payment to expect. We promise to work hard to make the process transparent, simple and yes enjoyable!
Closing day should create a celebration not a need for a vacation! Mi BANKs’s pre-qualification are quick and completely free. Contact your banker today to set out on the path to the American Dream of homeownership.

HOME EQUITY

Put the equity in your home to good use and enjoy financial flexibility with one of Mi BANK’s Home Equity Loans. Our line of credit offers cash advances and allows you to borrow as much as you need on a revolving basis. If a one time or immediate need comes about many homeowners prefer the consistent monthly payments and fixed interest rate associated with a Home Equity Term Loan.

Why Would I need a Home Equity Loan?

  • Home Improvement
  • Life Event
  • Education
  • Bridge Loan

CONSTRUCTION

Build your dream home even before you sell your current residence. A Mi BANK Construction solutions offer attractive rates and repayment terms. From the floor plan to the kitchen tile, building your own home comes with lots of choices. But none is more important than financing.

Features:

  • No money down with a lien on your existing residence.
  • Creative financing techniques – your construction can begin prior to the sale of your existing home.
  • Refinance at a later date with a Mi BANK loan that best fits your budget at that time.
  • Interest-only payment options available during the construction phase.
  • One-time closing allows financing for both construction and end mortgage.

Pre-Qualifications

Win the deal in this competitive purchase market with a pre-qualification from Mi BANK. We love working with prospective home buyers to determine the loan amount they qualify, what costs, fees and of course what payment to expect. We promise to work hard to make the process transparent, simple and yes enjoyable!
Closing day should create a celebration not a need for a vacation! Mi BANKs’s pre-qualification are quick and completely free. Contact your banker today to set out on the path to the American Dream of homeownership.