Additional Rate Information    « back

A fixed rate mortgage provides you with the security of a monthly payment that doesn’t change. Fixed rate loans are one of the most popular loan options today. Choose a 20 or 15 year fixed rate loan if you’re comfortable with a higher payment and you will have the benefit of substantial interest savings.

Adjustable rate mortgages typically have a lower initial fixed rate, followed by adjustment intervals. If you need a lower mortgage payment now and expect your income to rise in the future, or if you will only be in your home for a short time, an adjustable-rate mortgage may work best for you.

3/1 ARM
An adjustable rate mortgage has a monthly payment that may change over the term of the loan. With our 3 Year Adjustable Rate Mortgage, your payment won’t change for the first three years of the loan and then can change each year based on market conditions, subject to the specific terms of the loan.

5/1 ARM
An adjustable rate mortgage has a monthly payment that may change over the term of the loan. With our 5 Year Adjustable Rate Mortgage, your payment won’t change for the first five years of the loan and then can change each year based on market conditions, subject to the specific terms of the loan.

For more general information about Adjustable Rate Mortgages, review a copy of the Consumer Handbook on Adjustable Rate Mortgages.

For important details regarding the terms of this Adjustable Rate Mortgage, review a copy of our Adjustable Rate Program Disclosure.

If you are looking for your first home, Canton Co-operative Bank has the right program for you. Our First-Time Home Buyers Program is designed to help you into that first home. With as little as 5% down, your dream of homeownership can come true!

Borrow a lump sum for major expenses using the equity you have built up in your home. Pay it back with a fixed rate and fixed monthly payments for the life of the loan. There may be tax advantages, too, so be sure to check with your financial advisor.

Borrow up to a predetermined limit by simply writing a check when you need the money, and pay nothing until you do. Check with your financial advisor about possible tax advantages. Ask about our exciting Carve Out Option!

Buying a new or used car? We can provide the loan you need at a rate and term that will fit your budget. We have a variety of options and features that will make your car purchase a smooth ride!