Personal Banking

Mortgages and Home Loans

Our Advantages

Mortgages

Fixed-Rate Mortgages

A fixed-rate mortgage has an interest rate that remains the same for the life of the loan. In other words, your total monthly payment of principal and interest will remain the same over time.

Adjustable-Rate Mortgages

With an adjustable-rate mortgage (ARM), your interest rate may change periodically with the first adjustment being in five, seven, or ten-years—which means your mortgage rate will rise if rates are higher at the period built into your loan. ARMs are ideal if you’re planning to live in your existing home for a short time, or if you’re expecting your income to grow in the future.

Community Lending

Buying your first home is now easier than ever.  As a participating lender we offer various affordable mortgage programs. Click here to learn more.

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Home Equity Loans

A home equity loan gives you the opportunity to borrow against the equity in your home for home improvements, tuition, a new car, debt consolidation or just about any other worthwhile purpose. Unlike a home equity line of credit, a home equity loan is a one-time lump sum loan that you will pay off over a set amount of time, with a fixed interest rate.

TCB offers a variety of terms. Ask one of our mortgage financing specialists for details. This type of loan may also offer tax benefits. Consult with your tax advisor to understand how a home equity loan may affect your personal tax picture.

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Home Equity Lines of Credit

A home equity line of credit (HELOC) gives you the opportunity to borrow against the equity in your home for home improvements, tuition, a new car, debt consolidation, or just about any other worthwhile purpose.

Unlike with a home equity loan, with a HELOC you are approved to borrow up to a certain amount, but you only pay interest on what you actually borrow. In this way, a HELOC works a lot like a credit card, but often with lower interest rates. Ask one of our mortgage financing specialists for details.

The interest you pay on your HELOC may be tax-deductible. Consult with your tax advisor to understand how a home equity line of credit may affect your personal tax picture.

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Meet the Team

Miguel Rosado headshot View Bio

Miguel Rosado

EVP, Chief lending Officer
Headshot of Renee Owens View Bio

Renee Owens

VP, Community Lending
Peter Savard headshot View Bio

Peter Savard

AVP, Mortgage Loan Officer
Meet the Whole Team
Miguel Rosado headshot

Miguel Rosado

EVP, Chief lending Officer
NMLS: 1664679
Personal relationships are at the core of community banking—the ability to have a meaningful discussion with a decision maker, to get advice for a small matter, or just connect with someone who knows what you’re going through.

Miguel oversees TCB’s commercial and residential lending division. He is an industry veteran with nearly 30 years of expertise in commercial real estate lending and construction and business loans. Miguel has worked for such banks as USTrust, Citizens Bank, and Century Bank, always focusing within the Boston/Cambridge markets. His knowledge of these areas helps his customers make prudent decisions regarding their businesses and investments. Additionally, Miguel has served on many nonprofit organizations boards including Ellis Memorial (South End) and Sociedad Latina (Mission Hill). He has been a mentor for young professionals at Conexion and was a member of LeadBoston. He also has been very involved in youth sports and coaching travel basketball, little league baseball, and travel soccer for the town of Milton. Miguel is a graduate of Eastern Conn State University.

Headshot of Renee Owens

Renee Owens

VP, Community Lending
NMLS: 623944

Renee is the VP of Community Lending at The Cooperative Bank and focuses on the Greater Boston area and all surrounding communities. Renee has 38 years of experience in lending, having worked for large national banks and smaller community-based banks. She has a focus on affordable housing, first home buyer mortgage products, and first-time home-buying educational programs. She partners and serves on the lending committee for Massachusetts Affordable Housing Alliance also known as MAHA, and she also partners with multiple nonprofit entities. She is a past board member of the Mass Mortgage Bankers Association where she served for six years. She is a current member of the selection committee of the Citizen’s Housing and Planning Association.

Peter Savard headshot

Peter Savard

AVP, Mortgage Loan Officer
NMLS: 2149640
Here at TCB, we are a close-knit group. We treat our customers as though they are family and build relationships that last a lifetime.

Peter joins the TCB family with over 30 years of experience building relationships. Most of his career was spent working in finance and account management in the greater Boston marketplace. He started his career in sales, but then grew to hold various roles negotiating multi-million dollar contracts with the largest banks and insurance companies in the United States, as well as the Commonwealth of Massachusetts’ executive agencies. Peter has been married to his wife Judy for 28 years. They have raised three children In Tyngsborough, Massachusetts, who are one of his greatest sources of pride. Peter is a great sports enthusiast. In his spare time, he has coached softball at UMass Lowell and Phillips Academy Andover, as well as coaching his own children in baseball.

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