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  • 1. What is a mortgage holding account? Public
    Connection's mortgage holding account is used when you use direct deposit funds to pay your monthly mortgage payments. The funds are deposited directly into this savings account, where they earn dividends, and your mortgage payment is transferred automatically each month from the mortgage holding account.
  • 2. What types of accounts can be drafted? Public
    We typically draft from checking or savings accounts. However, we can draft from any account providing your banking authority allows it. Please refer to your banking authority.
All information provided through this site is intended to be accurate. However, there may be inaccuracies from time to time which we will make every attempt to correct immediately. Information provided is intended to assist you in making decisions and does not eliminate the need to discuss your particular circumstances with a qualified professional.