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In addition to a complete and attractive offer of savings accounts and certificates of deposit, the online CIT Bank also offers the possibility of contracting a mortgage loan with fixed or variable rate through the Internet, without the need to go to any branch, you will only have to go the day of the signing of the purchase-sale of the house to formalize the mortgage.
With this bank you can choose a repayment term of between 10 and 30 years with an interest rate that can be fixed, in which the monthly payments will not vary during the repayment term, or variable, rising or falling according to the SOFR reference index.
The interest rate applied, as well as the fees, will depend on the offer the bank makes you according to the personal and employment data you provide, as well as your credit history. The better your credit score, the less interest and fees you will be able to pay.
On CIT Bank's website you can perform simulations to find out the interest rate that will be applied to you and the resulting monthly payment.
In addition, it allows the possibility of enjoying a low down payment if you have a good credit score or if you can access the assistance offered by the Federal Housing Administration or Fannie Mae.
With this mortgage it is not necessary to have an account with the institution, although if you do have one, you will enjoy some additional advantages. You will be able to make manual payments, by sending checks or ordering transfers, and also automatic payments from any bank account.
At Busconómico we offer information an reviews on all the mortgages on the market so that you can compare them and choose the one that most interests you. You can access our list of mortgage loans in the USA to learn about all the products available.
Español: Hipotecas online de CIT Bank