MyTerms Mortgage: Your Best Home Loan Option?

You know where your future is headed, and we'll work with you to ensure your mortgage fits your needs. You get to choose your own term at a fixed mortgage rate that works for you. Whether you're looking to meet a financial goal or pay off your mortgage quickly, MyTerms can be customized to your situation.

Scroll down to learn more about MyTerms or talk to an expert, utilize our easy loan wizard to explore rates and payments or get approved now.

The Good Stuff

Here are the top perks you may expect if you choose a MyTerms flexible mortgage as your home loan choice.

Customized For You

With M&T Bank's MyTerms loan, you choose the term of your loan. Want to retire mortgage-free in 17 years? You can set the repayment term of your loan to match your goals.

No Surprises

A MyTerms loan is a fixed-rate mortgage. Even though the housing market carries some element of unpredictability, your interest rates do not have to. Should interest rates spike, your MyTerms rate remains fixed. If only everything in life was this predictable. See today's fixed rates now.

Budgeting Made Easy

With a MyTerms fixed rate loan come fixed payments. This allows you to easily budget for your home payment minimizing confusion and stress from monthly bills.

Help For The Cash Strapped

If you don't have a lot of cash to put down on your home, a MyTerms loan allows you to purchase a new abode for very little down. Also, sellers, builders and others can pitch in and help cover some of the closing costs – another perk of this home loan.

Inflation Insulation

When inflation rises, rates typically follow. Locking into a fixed rate MyTerms loan can give you a hedge against future inflation and help fortify your investment portfolio by protecting what will likely be your biggest investment of all.

The Nuts And Bolts

Your interest rate and monthly payment won't change over the life of the loan.
You can purchase a new home with as little as 3% down.
You can refinance up to 95% of your primary home's value.
Cash out refinance is permitted.
You may get a fixed-rate mortgage for up to $484,350. Have larger needs? Check out our super-conforming and jumbo mortgage options.
Credit a consideration? No problem – credit scores as low as 620 may qualify.
Sellers can help too! Up to 9% of seller contributions are allowed toward closing costs.

More Details And Specifics

MyTerms Mortgages can be used to purchase or refinance a primary residence, second home or investment property.
Eligible properties include Single Family Residences, Planned Unit Developments (PUDs), Condos and Multi-Family (2-4) Units.

A Few Extras

You have multiple mortgage insurance options for loans with less than 20% down payment or equity.
Want to tie things up quickly? Pay off your mortgage at any time without prepayment penalties.

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MyTerms: A Home Loan On Your Terms