Bankers Trust Home Mortgage Services

Why Get Prequalified for a Mortgage Loan?

For one, it tells your real estate agent and sellers that you have ready access to financing for up to a specified amount — so they take you more seriously.

Factors involved in prequalifying you for a mortgage loan include:

  • Credit score
  • Income
  • Debt
  • Assets

Do You Know Your Credit Score?

Your credit score reflects how you’ve managed credit in the past.

It affects how much credit, the interest rate, and other loan terms that are available to you now and in the future.

The Process for Valuing Property.

As a part of the mortgage loan process, an appraisal is needed to get a fair market value of the home to make sure the home’s value supports the purchase price.

Two Primary Appraisal Methods:

Sales comparison approach - The appraiser compares the property with three or four similar homes that have sold in the area, which are called comparables or comps.

Cost approach - Used primarily for newly constructed properties, this approach is based on reproduction costs.


What is Mortgage Insurance?

Mortgage insurance allows a buyer without a 20% down payment to get into a home of their dreams. Additionally, Bankers Trust has mortgage programs that do not require mortgage insurance. There are several options at your disposal; to learn more contact one of our loan originators today.  

Two types of PMI:

  • Borrower-paid private mortgage insurance (BPMI)
  • Lender-paid private mortgage insurance (LMI)

Should You Sell Your Home Yourself?

There are many options when choosing to sell your home. One of those options is "for sale by owner." The key is to understand exactly what you are doing, get organized and make a commitment to seeing the job through to its conclusion. By not using a Real Estate agent, the seller assumes all the responsibilities of completing the transaction.

Buying a home can be as exciting as it is overwhelming.

But the more information you have, the more likely you are to take control of the process and make the right decision. Participating in our Homebuyer Education Program will help you enter into the home-buying process with your eyes wide open.

Mortgage Rates

Check out today’s current Bankers Trust mortgage rates.



Home Equity Rate

Check out today’s current Bankers Trust home equity rates.


Understanding Mortgages

Are you having a hard time figuring out your LTV ratio? Or knowing what is an LTV ratio?

Bankers Trust makes it easier to understand all the terminology used in getting a home loan with our simple, easy to use glossary.

View mortgage glossary

Loan Originators

Our mortgage department continues to lead the market with our rates, products and personal service. Bankers Trust’s loan officers are among the most experienced and knowledgeable professionals in the industry. Our personal service gives you one team to talk to during the entire process of your loan instead of a central out-of-town processing center.

Contact a loan originator

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Stay Safe

At Bankers Trust, there is no higher priority than the security of our customer’s assets.

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