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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 **
 
 
 
 
 
 
 
 
 
 






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CAMB - California Association of Mortgage Brokers Equal Housing Opportunity FAMB - Florida Association of Mortgage Brokers MBA NAMB - National Association of Mortgage Brokers

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