40 Year Mortgage

Increase your purchasing power and lower your monthly payments with the Colonial Credit 40-Year Mortgage.

The Colonial Credit 40-Year Mortgage combines lower monthly payments with greater financial flexibility and improved purchasing power. By increasing the loan term from a traditional 30-year amortization schedule to 40-years, monthly payments are more affordable. The Colonial Credit 40-Year Mortgage is ideal for homeowners seeking lower monthly payments, first-time homebuyers or those in overvalued housing markets. The 40-year Mortgage is eligible on standard fixed-rate products as well as standard 3/1, 5/1, 7/1 and 10/1 ARMs. *

• No points
• No origination fee
• No closing costs
• Lower monthly payments
• Easier to qualify
• Increased purchasing power
• 40-Year Conforming fixed-rates
• 40-Year 3/1, 5/1, 7/1 and 10/1 LIBOR ARMs
• Available on primary residence, second homes and investment property
  (not permitted on Co-ops)
• Purchase, refinance or cash-out refinance **