Private Wealth Mortgages

Home financing solutions that compliment your financial goals.

Overview of Private Wealth Mortgages

Personalized borrowing solutions are a key component to building wealth. Exclusive to Trust Company of North Carolina customers, our Private Wealth Mortgage is ideal for high-net-worth customers looking to purchase a primary or second home or refinance an existing residence. As a customer of Trust Company of North Carolina, your dedicated wealth consultant and Right By You Mortgage loan officer will work together to provide a seamless mortgage experience. If you’re not a Trust Company of North Carolina customer, our wealth consultants can help explain the benefits of becoming one.

Private Wealth Mortgage Key Takeaways

Dream big with mortgage amounts up to $5 million and competitive interest rates. We offer tailored mortgage solutions designed to support your goals and overall wealth management strategy.

Purchasing Power

Unlock greater flexibility with a personalized mortgage loan from Right By You Mortgage. Secure financing for up to 89.9%¹ of your purchase price or your home’s value when you’re financing your primary residence.

Save Money

Benefit from an asset-based relationship discount to lower your interest rate and save money. The discount is based on your eligible assets² with Trust Company of North Carolina.

Flexible Terms

Our Private Wealth Mortgage offers a variety of repayment options to meet your unique needs. Choose from a 5/5 or 7/1 adjustable-rate mortgage or a 15-year fixed-rate mortgage.

Find a Mortgage Loan Officer

Our expert loan officers are here to help you navigate the mortgage process with confidence. Get answers and personalized guidance for a seamless mortgage experience.

FAQs

Where can I see current mortgage rates?

Connect with a local mortgage loan officer to learn more about our competitive rates.

Should I get a loan pre-approval?

A loan pre-approval simplifies the home buying and mortgage process by allowing your lender to review a lot of your documentation up front. As a pre-approved buyer, your offer on a home will be taken more seriously because it shows that you are qualified to borrow up to a certain amount of money. Click here to start the pre-approval process.

What documentation is required for a mortgage loan?

You will need to gather information about your income, assets, liabilities, and property details. Your lender may request specific information based on your personal situation and type of loan, but, in general, you should at least gather the items below:

One month of pay stubs
Two years of W-2s and tax returns
Two months of bank statements on all accounts
Sales contract and copies of the due diligence and/or deposit checks for the home you’re purchasing
Contact information for your landlord, HR department, and any debts that you may be paying off
Any applicable additional document, such as:

1. 1. Divorce Decree/Separation Agreement
  2. Bankruptcy paperwork
  3. Letters of explanation on any derogatory debts
  4. Gift letter
  5. P&L statements for self-employed borrowers

What costs and fees are typically included as part of a mortgage?

Fees vary according to the details of your loan. The average borrower will pay between 2% and 5% of the loan amount in various closing costs and prepaid expenses when they close on a mortgage. If applicable, the fees you will pay are outlined in your Loan Estimate that your lender is required to provide within 3 days of your application. Be sure to review the loan estimate carefully and ask questions if there is something you do not understand. Examples of typical closing costs and prepaid expenses include:

- Loan origination fee
- Discount points
- Credit report
- Flood certification
- Application/Commitment fee
- Appraisal
- Prepaid interest
- Homeowners insurance premium
- Mortgage insurance premium
- FHA, VA, and USDA premiums
- Attorney’s fees
- Title search fee
- Lender’s title insurance
- Owner’s title insurance
- Recording fees
- Home inspection
- Pest inspection
- Property survey
- Property taxes

View More FAQs

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Ready to Take the Next Step?

Get Pre-Approved

Disclosures

Finance up to 89.9% for loan amounts up to $2.5 million and up to 80% for loan amounts greater than $2.5 million up to $5 million.
Assets must be already held with Trust Company of North Carolina or a signed transfer agreement must be in place confirming assets will be moved to Trust Company of North Carolina.

For example purposes, a home worth $1,125,000 obtaining a 30-year fixed-rate mortgage with 20% down at a note rate of 6.875% and an APR of 6.891% would have a monthly principal and interest payment of $5,912.36. Programs are subject to change without notice. Some restrictions apply. See associate for complete details.