LOAN PROGRAMS FOR REFINANCING A HOME

EASY REFI

An Easy Refi is a fixed-rate, first lien loan for a term of 5, 10 or 15 years with minimal closing costs intended to refinance an existing mortgage loan. The loan amount is not to exceed 80% of the appraised value of the property. The $199 closing cost paid by the applicant(s) includes the fees for the Appraisal, Credit Report, Flood Certification, Second Mortgage Report and Mortgage Recording Fee. Any additional fees are the responsibility of the applicant(s).


HOME EQUITY LOAN

A Home Equity Installment Loan is a fixed-rate loan with a fixed monthly payment that can be used for any need such as, consolidating bills, adding an addition to your home, paying for tuition and more.

Home Equity installment loans can be taken out for a 5, 10, or 12 year term.


HOME EQUITY LINE OF CREDIT

A Home Equity Line of Credit (HELOC) is the best way for you to access the equity in your home to fund ongoing financial needs. Interest will be paid only on the amount borrowed at any time.

A HELOC allows you to borrow up to 90% of the appraised value of your house (less any existing liens) and has a 10 year term. These funds can be repaid then borrowed again throughout the life of the loan.