Texas Savings Bank can assist you in purchasing, building or
refinancing your home. We offer fast, friendly service, local processing
and decision-making. We offer personal service in providing you with the
best program available for your borrowing needs. We offer conventional
uninsured and insured mortgage loans that meet your specific housing
needs.
With a fixed rate mortgage you’ll know exactly what your principal and
interest payments will be for the full term of your loan. We offer a 15,
20 and 30 year fixed rate mortgages with lower monthly payments
providing long-term tax advantages.
The 15 year fixed rate mortgage builds equity more quickly and will have
substantial interest savings over the life of the mortgage. All fixed
rate mortgages have a constant principal and interest payment for the
entire term of the loan
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Our Five and Seven Year balloon mortgages offer a competitive interest
rate for the first five or seven years of your mortgage. At maturity the
rate is adjusted to the current market rate. This type mortgage requires
less in closing costs and typically can be closed within a few days from
approval
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Adjustable rate mortgages (ARMs) offer a lower initial interest rate
than a fixed rate mortgage, thus having lower interest costs in the
early years of the loan. The interest rate can change annually,
depending on the index, and monthly payments can increase or decrease.
Interest rate caps, both annual and lifetime, are established to protect
you from substantial rise in interest rates. We offer several different
terms to choose from.
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Texas Savings Bank offers a construction loan with the advantage of
having your permanent end loan with one easy loan application. You may
simply select any Texas Savings Bank mortgage loan rate for your
construction loan that requires draws. Texas Savings Bank allows for the
normal commitment construction time of six months from the time of
application. Interest only on the construction loan is paid monthly on
the amounts fully disbursed. At the end of the construction period your
loan becomes a mortgage end loan for the remaining selected term.
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You can use the equity in your home to pay off higher interest credit
card charges, make home improvements, pay educational expenses, travel,
purchase an automobile, make investments, pay wedding expenses, or for
any need you may have. Many times the interest rates on home equity
loans may be lower than installment loans and additionally you may
experience tax benefits. Our home equity loans can be amortized for up
to twenty years. Consult your tax advisor regarding the approved tax
deductibility.
Texas Savings Bank offers loans to improve your home. This type of loan
can be for up to twenty years and typically the interest paid is tax
deductible.
Texas Savings Bank offers many fixed rate auto loans. Our personal
service and competitive rates provide for fast approvals. You may select
our automatic payment system to have your monthly payment deducted from
your Texas Savings Bank Checking Account.
Texas Savings Bank offers agricultural loan products
for real estate, livestock, crop production, and equipment. We can
provide a variety of packages to meet all of your agricultural needs.
Texas Savings Bank has a full line of commercial
loans for all your business needs. Business loans for working capital,
equipment, and real estate are available.
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