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Blend Wrap Mortgage

Purchase your new home prior to the sale of your existing home with a Blend Wrap Mortgage from Monroe Bank & Trust. You’ll get competitive interest rates and repayment terms with the convenience of just one loan and only a single loan closing.

 

 

Features and Benefits

  • Convenience of just one payment – with only one loan closing.
  • Use the equity in your current home as the source of your down payment – even before it’s sold.
  • Interest-only payments keep monthly payments low for up to nine months, while your current residence is up for sale.
  • Competitive interest rates and repayment terms.
  • No contingency on the purchase agreement.
  • Financing options available with no Primary Mortgage Insurance (PMI)*.

Let us be the connection to your new dream home. Call your MBTeam banker to learn about our unique Blend Wrap Mortgage at 734-242-2204. 

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