At Central Bank, we’re invested in our community. We’re more than a bank, we’re community partners. That means that we care about the citizens of our community finding a house they can call home. The first step to owning your dream home? Getting a mortgage loan.

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00:01 Owning Your Own Home
00:06 Mortgage Loans
00:11 Central Bank Loan Officers
00:16 Flexible Mortgage Options

We know applying for a mortgage can be scary. At Central Bank, we do everything we can to make the process of securing your mortgage as quick and painless as possible. Our loan officers have over 50 years of mortgage lending experience and specialize in flexible mortgage options. That means that you can leave with a mortgage that’s right for you and your family. We are here to guide you through the mortgage process so that mortgage doesn’t have to be a scary word. When you work with Central Bank for your mortgage loan, you’ll soon know the amazing feeling of owning your own home!

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With all types of loans, there are three key terms you need to know: principal, interest rate, and term. What is a principal? The principal is the original amount of money that you borrow from a lender and agree to pay back. If you take out a $10,000 loan to pay for a car, the principal on that loan is $10,000. Now that you know what a principal refers to, let’s talk about terms. A term is the amount of time that you have to pay the loan back. With mortgages, 30-year terms are often used. This means that the bank expects their money bank (with interest) within 30 years. Speaking of interest, an interest rate is the amount the lender is charging you for borrowing the money. The interest rate is a percentage of the loan that is added to your principal amount. When you pay the loan back, you owe the principal amount as well as any interest you’ve accrued throughout the lifetime of your loan.

When you’re ready to start applying for a loan, Central Bank Lending Center is the place to start. You can work with one of our loan officers to help find a loan with a principal, term, and interest rate that works for you. Whether you need a car loan, a mortgage loan, or something else, the Central Bank Lending Center team is ready to work with you. At Central Bank, we’re happy to offer you three locations in Savannah, Adamsville, and Pickwick. We know you have your choice of banks in Savannah, Tennessee, but we hope that you’ll trust Central Bank with your time and money. We are committed to our customers and our community. We’ve provided financial services to individuals and businesses in the area for over fifty years. Since then, we’ve been growing and adapting to meet the ever-evolving needs of our customers. We’re a team of local bankers with local experience. When you walk through our doors, you’re dealing with friends. All of our staff share a genuine commitment to the community. We strive to offer each of our customers credibility through our experience, clarity in all of our dealings, and to cultivate lasting, meaningful relationships. When you are looking for a secure financial foundation with essential banking services, trust Central Bank. When you’re ready to apply for a loan with Central Bank, call 731-925-9046 or visit CentralBankTN.com. We look forward to working with you.

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