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Blend Wrap Mortgage
Build your new dream home while you’re still living at your current residence with a Monroe Bank & Trust Blend Wrap Mortgage. You’ll enjoy short-term, interest-only payments while you’re "under construction".
Features and Benefits
- Helps facilitate the start of your new home construction prior to selling your existing residence.
- Short-term, interest only loan.
- Don’t have to pay the middle payment typically associated with traditional bridge loans.
- Pay off your current residence and have only one payment for both properties.
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Build Now, Sell Later
You’ve discovered the perfect lot and plan and you’re ready to build! But how can you afford your new dream home when you’re still living at your current residence? A Monroe Bank & Trust Blend Wrap Mortgage can get you there.
With an MBT Blend Wrap Mortgage, you get a short-term, interest-only loan that can help you facilitate the start of your new home construction prior to the sale of your existing home.
Plus, an MBT Blend Wrap Mortgage allows you to skip the middle payment generally associated with traditional “bridge mortgages.” You can even choose to consolidate both loans into one, easy-to-manage loan.
Let us be the “bridge” to your future home. Call an MBTeam banker today at 734-242-2204!
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*Mortgage Services provided by MBT Credit Company, Inc. a subsidiary of Monroe Bank & Trust. |
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