Interest Saver Plus Mortgage
Our Interest Saver Plus Mortgage is designed for homeowners who want the best of both worlds: long-term interest savings and flexible access to their home's equity.
With this unique mortgage solution, you can reduce your interest costs and build equity faster by making optional pre-payments in addition to your regular monthly payment. What sets this loan apart is the ability to "re-borrow" from the equity you've built, giving you a powerful financial cushion for emergencies, home improvements, education expenses, or any other purpose
- Save on Interest: Make extra payments toward your principal and reduce the total interest paid over the life of the loan.
- Access to Equity When You Need It: Re-borrow a portion of your paid-down principal at any time without refinancing.
- Fixed 20-Year Term: Enjoy the stability of predictable monthly payments with a competitive fixed interest rate.
- Jumbo Mortgage Options Available: Flexible financing for larger home purchases or high-value properties
- Financial Flexibility: Ideal for those who get paid large bonuses or on commission, or for those who are looking to pay down their mortgage faster but still maintain access to funds.
About Amboy's Home Loans
If Rates Go Down, Simply Change Your Rate
Other banks require a refinance to change your rate, which entails a lot of paperwork and fees. At Amboy, you can modify your rate at any time with just a phone call.
Don't Worry About Rates Rising Before You Close
Your rate is locked in for 60 days. This could save you a substantial amount of money if rates go up during the mortgage approval process.
We Keep and Service Your Loan
We don't sell our loans, which means if you have questions or concerns at any time during the life of your loan, you'll always know where to find us.
Personalized Advice from our Local Team of Home Loan Experts
When it comes to home financing, one size doesn't fit all. Our local, non-commissioned experts take the time to understand your unique goals and guide you every step of the way with honest advice and tailored solutions.
*Terms and Disclosures
Available for 1-4 family, owner occupied homes with a minimum of $50,000 and a maximum of $625,000. First lien positions only. Approved applicants responsible at closing for funding interim interest and escrow account for property taxes and insurance. Subject to credit approvals and home appraisal. Additional terms and conditions apply.