Refinancing

Find out if now is the right time to refinance! You may be able to lower your monthly payments or reduce the time it takes to pay off your loan. Here are some important reasons to consider refinancing:

Get a lower mortgage rate and reduce interest costs.
Convert an adjustable rate mortgage to a secure, fixed-rate mortgage.
Consolidate your first and second mortgages into a mortgage with a lower rate.
Pay off installment debts and credit cards.

The advantages we offer for your refinancing needs include:

Low rates
Easy online application
All types of mortgage programs
Guidance and advice from an experienced loan professional

Ready to refinance your current mortgage?

Apply online to be pre-approved.
Find out if now is the right time for you to refinance your current mortgage.

Comparing Home Equity Loans and Credit Lines
Home Equity Loan Home Equity Line of Credit
What you get A single lump-sum payment for the full loan amount
A revolving source of cash that you can draw from as needed
How you use it To finance large one-time expenses that have a definite cost
To finance ongoing expenses or miscellaneous purchases, like you would use a credit card

How you pay it back

Repay the full loan amount over a specific time period, at a fixed interest rate
Make payments on the outstanding balance, at a variable interest rate
It offers simple repayment terms, and the security of knowing your payments will never increase.
It’s there when you need it, and you only make payments on what you use.

Financing Major Expenses

If you’re making a major purchase, home equity financing may be a more practical way to pay for
it than using cash, credit cards, or other types of financing. Consider a home equity loan or line
of credit for:

Improving your home. Not only can improving your home make it more appealing for you to live in, but it may make it more valuable as well. The increased value of your home after renovation may be enough to offset the cost of the project.
A second home. If you’re in the market for a vacation or investment home, the equity in your current home can be a good source of down payment and closing funds for your purchase.
Education. A home equity line of credit gives you the flexibility to pay for tuition, room and board, books, and all the other costs of putting your kids through school.
Big events. Life is full of big events with big price tags. Whether you’re looking forward to a wedding, a new baby, or a family trip to Hawaii, home equity financing can make paying for them easier.

To learn more about using equity to pay for major expenses, or to start the application process.