Mortgage Information
Central Bank provides a variety of mortgages to help meet your needs.
For further information, or if you wish to apply, please call our Loan Originations Department at (617) 629-4330. Please contact one of our mortgage professionals for addtional information.
Offer of credit is subject to credit approval.
Residential Mortgages
At Central Bank we know that buying a home is the biggest investment you may ever make. And yet no investment will ever create more questions or confusion than buying a home.
At Central Bank we offer you our friendly, personal and professional attention to help you determine a sensible, affordable plan and then guide you through the application process. We will answer all of your questions and keep you informed all along the way.
At Central Bank we offer a wide variety of mortgage products, including terms of 15 and 30 year, your choice of fixed or adjustable rates, and a First Time Homebuyer Program that includes a $500.00 discount off closing costs. Once we have all of the required information, your application is submitted for immediate approval. All the necessary paperwork for your important purchase or refinance is prepared for you in a closing package so that your closing is hassle free.
Home Equity Line of Credit
The Home Equity Line of Credit may be your best choice when you need to borrow. The benefits include the freedom to use your borrowed funds as you please, lower interest rates than most consumer loans, and significant tax benefits. Unlike other types of loans, interest on the Home Equity Line of Credit may be tax deductible.
Borrow For Any Reason
The Home Equity Line of Credit can be used for any reason you choose. Use the money for major expenses - a wedding, home improvements, college tuition, dental work, a vacation home, or for smaller purchases like gifts or appliances, consolidate several credit cards, or high interest loans for a single, more affordable payment. The choice is yours.
Investment Mortgages
Central Bank also provides mortgage financing for non-owner occupied 1-4 family properties. Investment mortgages are available with either a fixed rate or an adjustable rate.
Click here for Important Information About Procedures For Opening A New Account.
Equal Housing Lender - 