No. There are no prepayment penalties on any of Tower’s mortgage loans

Whichever mortgage you choose, Tower will service your mortgage for the life of the loan. There are several payment options: Set up automatic payments. T...

A Tower Bridge Loan helps you "bridge" the gap between selling your existing home and buying a new house.  If your current home doesn't sell b...

Loan discount points are prepaid interest assessed at closing by the lender. Each point is equal to 1 percent of the loan amount (for example, one point on ...

When you rent, every rent check you write is spent and gone. However, when you own a home, you receive the advantages of tax deductions, the possibility of ...

Closing costs are the fees for processing the paperwork to buy your new home. These can include the lender’s fees, attorney fees, title search, survey and t...

Pre-approval is part of your Tower mortgage loan application. A Tower pre-approval letter shows your financing has been credit approved, and strengthens you...

That depends on the price of the house and the type of mortgage you can qualify for. A down payment is the difference between the purchase price of the home...

The best way to start is to get pre-approved for a mortgage loan from Tower and request a pre-approval letter. In some areas, real estate agents require a p...