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Skip A Payment


Go ahead, skip next month’s mortgage payment.  You’ve earned it.


With Magnolia Bank, you will be able to skip the next month’s mortgage payment.  Simply click Get Rates, select an interest rate and program then submit your application.  Your next month’s mortgage payment will be wrapped into the loan. 


Because mortgage interest is paid in arrears (meaning you pay the interest after it is charged) there will be no payment due the month after your loan closes.  We will wrap the interest from the month your loan closes into the loan, so there will be no interest due and payable the following month.  Interest will then start accruing on your new loan on the 1st of the following month and you will pay that interest with your next month’s payment.  So, not only does Magnolia Bank give you a lower interest rate and payment, but you get a break from a mortgage payment.  What a nice bonus!


Click Get Rates to see how much you can save and skip a payment.





Speak With A Loan Originator 


Would you prefer to speak with a Loan Originator over the telephone?  Please call us directly at   1-800-276-CYOL(2965) and choose option 1.  Or, click here to have one of our experienced representatives contact you directly.