HNB and the HNB Mortgage Center
Making Mortgages Easier
Buy, Build or Refinance With Betty Ditzel & HNB Mortgage
Buying, building or refinancing your home should be a pleasant experience. Let Betty Ditzel help take the mystery and worry out of applying for a mortgage. Take HNB's
Home BuyAbility Test. It will help you find out how much home is right for you, so you can feel more comfortable when you apply for your mortgage loan with us.
HNB Finances Northeastern PA & Parts of the NY "Southern Tier"
Betty Ditzel and the Mortgage Specialists at The Honesdale National Bank and the HNB Mortgage Center can make buying, building or refinancing your dream home a reality.
Email Betty Ditzel, HNB Mortgage Specialist
bditzel@hnbbank.com
Call Betty at (570) 643-1395
Email the HNB Mortgage Center HNB Mortgage
Call the HNB Mortgage Center at 800.426.4884
Which Type of Mortgage is Right for You?
- Conventional Loans have a fixed rate and monthly payment for the entire life of the loan. It's easy to budget for this type of loan because your payment will always be the same. The rate on a conventional mortgage loan is generally higher than an adjustable rate mortgage.
- Adjustable Rate Loans usually start with lower rates than conventional loans. We'll let you know how much the rate can be adjusted over the life of the loan, so you'll know from the beginning the absolute maximum amount you would ever have to pay. If you will be moving in a few years, or if you think interest rates will be going down, you'll want to consider an adjustable rate since monthly payments may be lower.
- PHFA or Rural Housing Loans generally offer lower interest rates and require a relatively small down payment. HNB is one of Pennsylvania's leading PHFA Construction Loan lenders!
Closing Cost Assistance Program
Regular Program
Once you know approximately how much home is in your price range, use the guide below or our convenient Mortgage Loan Calculator to estimate your monthly payments based on the principal and interest. Closing costs are normally paid in a lump sum at the time you take out the loan. Other annual costs such as taxes, insurance and mortgage life insurance are also not included on the chart, but may be added to your monthly payments.
Per $1,000 Borrowed
1. Determine your proposed interest rate
2. Move along that line to the correct term column
3. Multiply this factor by the thousands of dollars being borrowed.
The above "Payments per $1,000 Borrowed" are based on the approximate interest and principal payment for that amount and term. They do not include payment of any points, closing costs , PMI or insurance and tax escrow amounts.
Is Refinancing Right For You? Generally, it's a good idea for you to consider refinancing whenever the interest rate for mortgages is more than two percentage points below your present mortgage. And whether you apply with us for a new mortgage to buy the home you want, or to refinance your present mortgage, ask about a Homeowner's Credit Line. It can help you save on fees when you apply; interest when you want to borrow money; and, on taxes at the end of the year. For more details, speak to one of our mortgage loan experts at 800-HNB-9515
