Mortgage pay-down

With our ag mortgage pay-down option, you can pay up to 20% of your original mortgage principal each year without penalty. You'll be able to pay off your mortgage faster and save money on interest payments.

Example:
Let's say you have the following business mortgage description:

Mortgage: $200,000
25 year amortization

You can put up to $40,000 extra on your mortgage per year ($200,000 x 20%=$40,000) over the duration of the mortgage without penalty. You pay down your mortgage faster and save on interest!

If you're interested in taking advantage of our ag mortgage pay-down option or want to discuss a mortgage, you can:

It's not too late
It's never too late to insure your loan.  We can help you explore your insurance options to guarantee you're protected if something unexpected should happen.
 

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From the desk of our CEO

Federal Continuance

For information on upcoming changes to DEPOSIT INSURANCE if we become a federal credit union, see our disclosure notice. Creditors who have concerns may contact Innovation Credit Union.

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