BOTC moves mortgage center

Published Aug 2, 2013 at 05:00AM

Bank of the Cascades has moved its mortgage center from downtown Bend to the Old Mill District to increase customer convenience, one of several such changes the bank announced Thursday.

Moving the mortgage center to 233 S.W. Wilson Ave. gives it a more central location and places it near several area title companies, bank officials said in a news release. It will also provide more parking.

The bank also has expanded its mortgage lending team and loan products and services. Along with other types of home loans, Bank of the Cascades has a new 5/1 ARM, an adjustable rate mortgage with a fixed rate for the first five years followed by an annually adjusted rate. It also offers HARP loans to refinance homes with current mortgages that may be underwater and a New Beginnings program for previous homeowners looking to start over.

The bank also will install a free-standing ATM next to the Old Mill Ticket Center and plans to send a mobile ATM van to community events in Central Oregon and in the Boise, Idaho, area, where it has 13 branches, according to its website.

— Bulletin staff report