Don't want a 30-year fixed mortgage?  Have only 19-years left and want to refinance into a new 19-year loan. Want to get a mortgage with a non conventional term?


Most people pick a standard mortgage loan period, known as loan amortization. Most people pick the 30-year loan.


A little know option on standard conventional loans is the ability to pick any loan amortization term you want from 8-years to 30-years - providing you maximum flexibility with regards to your mortgage loan.


This option helps define your individual goals, circumstances and budget. On any of Cambria Mortgage's fixed rate purchase or refinance loans, you can choose the loan term that is most suitable and desirable for your situation—whether it’s 9, 14, 18, 23 or 29 years—you pick, and that is what you'll get


Picking your own loan perm offers a wealth of options to assist your specific needs and intentions. Whether the goal is retirement, or to accommodate college tuition payments, or to pay off a mortgage early, picking an non standard mortgage term  can customized your life events and circumstances to pay off your mortgage loan when you want to, not when the bank says.


Benefits of picking your amortization term


Works with Your Budget: Tell us what your budget is and our team of mortgage specialists will choose a loan term that will help you achieve your financial goals, and stay within your budget.


Pay Off Your Loan Faster: If you want to pay off your loan quickly, you may be able to refinance into a lower rate and a lower term.


Flexibility: Let’s say you’re 11-years into your current loan and wish to refinance to take advantage of our low rates. While you can "save  money" going back to a 30-year loan, most people end up paying more over time because they went "backwards" on their mortgage.  No problem! In this case, we’ll set you up with a 19-year term, at a potentially lower rate.


Customization: Whatever your personal circumstances might be, the mortgage can be customized to suit your needs. Whether you’re retiring soon, or have a child starting college, or simply wish to pay off your home early, we can find the best term to support you and your situation.


Amortization Highlights:

  • Purchase and Refinance Mortgages
  • Loans up to $417,000
  • Down payments as low as 5% (primary home)
  • Refinance up to 95% of your primary home's value

Letting you know about the ability to pick your mortgage loan amortization term is just another example of why picking Cambria Mortgage for your Minnesota or Wisconsin home loan needs is always a great mortgage company choice.


Of course it you wish to pick the more traditional loan amortization terms of 30-years, 20-years, or 15-years... we can do that too.


Apply today - and let us know how many years you want your mortgage for!



Need More Information

Call Us: (651) 552-3681
Email Us: joe.metzler@cambriamortgage.com
Apply: Click Here