Open, Varible-Rate MetroMortgage

Open, Variable-Rate MetroMortgage

In the Open, Variable-Rate MetroMortgage, your interest rate will equal Prime and will vary as does Prime. Meanwhile, your monthly payment remains fixed for up to one year. When rates go down, a greater portion of your monthly payment is applied to the principal. Alternatively, when rates increase, a greater portion of your total payment is applied to the interest. MetroMortgage Advantage - 10 Ways to pay off your mortgage faster and save!

You can pay off an open mortgage at any time in full or in part, without penalty, or convert it to a Closed, Fixed Rate MetroMortgage.

Consider this MetroMortgage if:

you don't want to lock into a fixed interest rate at this time.
you anticipate that interest rates will move downward.
you are expecting to be able to pay off a sizeable part of your mortgage in the near term.

Closed, Fixed-Rate | Open, Fixed-Rate | Rewriteable 5-Year | Progressive Advance

Accounts and Services | Current Rates