Residential Mortgages and Refinances
New Mortgage/Refinance Inquiry
Cornerstone National Bank is a full-service residential lender offering mortgage financing solutions including:
- • Conventional Fixed Rate Mortgage Loans.
- • Adjustable Rate Mortgages (ARMS).
- • Jumbo Mortgage Loans for large loans.
So whether you are looking to purchase a new home, refinance an existing mortgage, or receive a new mortgage to obtain cash out to pay for debt consolidation or provide for your children’s college education, Cornerstone National Bank should be able to assist you with your residential mortgage need. Please contact our experienced Residential Mortgage Team to help guide you through the process.
You may also submit an online inquiry.
Home Equity Loans
Whether you are looking to complete a home improvement project, consolidate debts, or provide funds for educational needs, a Cornerstone National Bank Home Equity Line of Credit or Home Equity Loan is an excellent way to utilize the borrowing power of your home to meet your financial needs. Detailed below are two different Home Equity Financing options that Cornerstone National Bank offers.
Home Equity Line of Credit
A home equity line of credit is a variable-rate, revolving line of credit based on the available equity in your home and other qualifying criteria.
Features and Benefits
• Available for both your Primary Residence and a Non-Primary Residence.
• Competitive Interest Rates based on your credit limit.
• A single account featuring both a Revolving Draw Period for a substantial number of years with a longer Repayment Period.
• Competitive payment plans during the Revolving Draw Period and during the Repayment Period.
• Very low fees and costs.
Home Equity Loan
A home equity loan is a loan based on the available equity in your home and other qualifying criteria. This type of loan makes budgeting easier with a simple fixed-interest rate and fixed payment amount.
Features and Benefits
• No application fee. Closing costs do apply.
• Flexible repayment periods and amortization terms tailored to meet your needs.
• Competitive Fixed Interest Rates, with discounts for auto debit from an account at Cornerstone National Bank & Trust Company.
• Monthly payments include both principal and interest.
• Non Primary Residence home equity loans available.
You should consult a tax advisor to determine whether any interest or processing charges are deductible.
For additional information and the terms and conditions of our Home Equity Lines of Credit or Loans, please contact our Personal Lending Team.
You may also submit an online inquiry.
Construction Financing
Cornerstone National Bank provides construction financing for both residential and commercial projects ranging from small residential room additions to large commercial and industrial developments. The Bank offers a variety of construction loan products with competitive terms and repayment schedules. Our loan programs are customized with a wide menu of alternatives to provide funding for the majority of your construction material and labor costs plus related “soft costs” incurred during the project development process. We offer a wide variety of loan structures and provide long term or “mini perm” end loan financing alternatives with various rate options.
Our experienced staff provides a high level of personalized service to ensure that your project financing runs smoothly, and your contractor receives timely construction draw payments. We have completed numerous projects in our community and across Chicagoland, and we would welcome the opportunity to assist you with your next project.
For additional information, please contact our Business Lending Team.
You may also submit an online inquiry.
Vehicle Loans
Cornerstone National Bank offers a range of different products to help provide for the purchase of your next vehicle.
- Features and Benefits
- • Competitive Fixed Interest Rates, with discounts for auto debit from an account at Cornerstone National Bank & Trust Company.
- • Loan terms tailored to meet your needs when you purchase your next new or used car, truck, or SUV.
- • Boat, RV, and Motorcycle financing available.
For additional information and the terms and conditions of our Vehicle Loans, please contact our Personal Lending Team.
Personal Loans
Cornerstone National Bank offers several Personal Loan options for your personal financial needs.
- Features and Benefits
- • Competitive Fixed Interest Rates, with discounts for auto debit from an account at Cornerstone National Bank & Trust Company.
- • Competitive repayment terms.
- • Cash, stock, or bond secured, as well as unsecured loans are available.
- • May help build your credit history or improve your existing credit scores.
For additional information and the terms and conditions of our Personal Loans, please contact our Personal Lending Team.
Financial Calculators
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Home Financing
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Refinancing Calculator
Refinancing at a lower rate has the potential to save you thousands of dollars in the long run. However, for refinancing to be worth it, the savings in interest must be greater than the fees (i.e. points, closing costs) involved with the refinancing process. The refinancing calculator will take these fees into consideration and tell you how much you could save (or lose) should you decide to refinance at a lower rate.
Fixed Rate Mortgage Calculator
Given the information on your fixed rate mortgage, the fixed rate mortgage calculator will determine how much your mortgage payments will be.
Adjustable Rate Mortgage Payments Calculator
Calculates the payments and interest on your adjustable rate mortgage.
Balloon Mortgage Payment Calculator
A balloon mortgage consists of paying smaller amounts at first, and then paying the a large portion of the mortgage at one time. This will show you the amount needed for a mortgage with a balloon payment.
Mortgage Comparison Calculator
The mortgage comparison calculator gives you financial statistics on different types of loans.
Payment Plans
You can save a lot of money if you increase your monthly mortgage payment in order to pay it off faster. Find out how much you could save over the life of your loan.
Home Affordability
Computes the most expensive house you can buy.
Loan Consolidation
Factors in the costs and benefits of consolidating your debts to determine whats the financially best way to pay them off.
Calculator Information
The monthly payment calculated factors in both the principal and interest. It does not factor in other mortgages costs such as annual property tax, HOA fees, PMI, etc.
Calculator Disclaimer
These financial calculators are made available as tools for your independent use. We cannot and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek advice from qualified professionals regarding personal finance issues.
Personal Financing
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The amount of time is too large to compute!
The amount is too large to compute!
Percentages cannot exceed 100
How long you plan to keep the property must be less than or equal to the new loan term
Your down payment exceeds the home price
Car Affordability
Calculates the most expensive car you can afford.
Saving for College
Calculates a monthly savings amount in order to reach your college savings goal.
Big Purchase
Computes how much money you will need to save each month in order to purchase something big.
Borrowing
Based on your financial details, the borrowing calculator determines how much money you can feasibly borrow and pay back.
Loan Rates
Given loan information, determines the interest rate on that loan.
Loan Payments
Determines the payment on a loan with a fixed rate.
Car Purchasing
Helps decide if an Auto Loan or Home Equity Loan is best for purchasing a car.
Debt Elimination
This calculator helps you evaluate various strategies for paying off your debt. When one debt is paid off, the payment amount normally applied to that debt is made available for use against another debt. This is referred to as the rollover strategy. Add an additional monthly payment for debt reduction to accelerate the payoff.
Calculator Information
The monthly payment calculated factors in both the principal and interest. It does not factor in other mortgages costs such as annual property tax, HOA fees, PMI, etc.
Calculator Disclaimer
These financial calculators are made available as tools for your independent use. We cannot and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek advice from qualified professionals regarding personal finance issues.
Investment Financing
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Portfolio Yield
Enter each transaction from your investment portfolio and determine your percentage yields before and after fees and taxes.
Saving to be a Millionaire
Estimates a monthly deposit amount in order to save to a million dollars.
Investment Yield
Determines the return rate on an investment.
Future Investment
Computes what an amount invested today will be worth at some point in the future.
Time Savings
Compute the total amount you would be able to save with monthly deposits.
Needed Rate
Compute the rate of return you would need to reach your savings goal.
Initial Savings
Compute how much money you would need to start with to reach a savings goal.
Monthly Savings
Computes the monthly deposit amount needed to reach a savings goal.
Calculator Information
The monthly payment calculated factors in both the principal and interest. It does not factor in other mortgages costs such as annual property tax, HOA fees, PMI, etc.
Calculator Disclaimer
These financial calculators are made available as tools for your independent use. We cannot and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek advice from qualified professionals regarding personal finance issues.
Retirement Financing
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The amount of time is too large to compute!
The amount is too large to compute!
Percentages cannot exceed 100
How long you plan to keep the property must be less than or equal to the new loan term
Your down payment exceeds the home price
Traditional vs. Roth
Which is better, a Traditional IRA or a Roth IRA? Traditional IRAs offer tax-deferred earnings and tax-deductible contributions. Roth IRAs offer tax-free earnings, but contributions are not deductible.
Traditional IRA
Use this calculator to compute the amount you can save in a tax-deferred Traditional IRA. Contributions to your Traditional IRA are usually tax deductible now, but you pay taxes when you withdraw the funds in retirement.
Roth IRA
Use this calculator to compute the amount you can save in a Roth IRA where you pay taxes on your income now, but withdraw the funds tax-free in retirement. Because this is a Roth IRA, your contribution limit is after taxes and your effective contribution limit is higher than a Traditional IRA. This calculator allows you to enter your annual deposit amount in "Before Tax" dollars so that the after tax deposit amount is automatically computed for you.
Retirement Savings
Use this calculator to find out how long you can make recurring withdrawals of a specified amount from your savings account.
Retirement Rate
Use this calculator to find out what rate of return you would need to make recurring withdrawals of a specified amount from an account.
Retirement Funding
Use this calculator to find out how much money you must have in your savings account to make recurring withdrawals of a specified amount.
Monthly Spending
Use this calculator to compute how much you will be able to regularly withdraw from your savings account before you run out.
Calculator Information
The monthly payment calculated factors in both the principal and interest. It does not factor in other mortgages costs such as annual property tax, HOA fees, PMI, etc.
Calculator Disclaimer
These financial calculators are made available as tools for your independent use. We cannot and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek advice from qualified professionals regarding personal finance issues.
Lease Financing
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Percentages cannot exceed 100
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Affordable Lease
This calculator computes the amount you can afford to lease.
Lease Residual
This calculator computes the residual to satisfy a known payment amount, number of payments, lease rate, and lease amount.
Lease Payments
This calculator computes the payment amount necessary to satisfy a known lease amount, lease rate, residual amount, and number of payments.
Lease Rate
This calculator computes the lease rate based on a known payment amount, lease amount, residual amount, and lease term.
Equipment Affordablity
This calculator computes the amount you can afford to lease.
Equipment Residual
This calculator computes the residual to satisfy a known payment amount, number of payments, lease rate, and lease amount.
Equipment Payments
This calculator computes the payment amount necessary to satisfy a known lease amount, lease rate, residual amount, and number of payments
Equipment Lease Rate
This calculator computes the payment amount necessary to satisfy a known lease amount, lease rate, residual amount, and number of payments.
Calculator Information
The monthly payment calculated factors in both the principal and interest. It does not factor in other mortgages costs such as annual property tax, HOA fees, PMI, etc.
Calculator Disclaimer
These financial calculators are made available as tools for your independent use. We cannot and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek advice from qualified professionals regarding personal finance issues.