City Bank & Trust Company

Is a Homestyle Loan a Separate Note from My Mortgage?

It’s not a separate note from the mortgage, it is one fixed note. It’s not a second or anything like that. Whether it’s a purchase or a refinance, it’s a first mortgage fixed for the entire term of the loan.

Other News:

Homestyle Loan Term Lengths

With the Homestyle, you take your current debt, if you own the home, you roll in your closing costs if you want to do that, and then you take your improvements, your contractor bid that you get.