Products

Financing

When buying a home, have a financial plan and let us assist you with finding the perfect loan that fits your budget and requirements. Our experienced team will guide you every step of the way and ensure you get the best possible deal, making the process stress-free and informative. We cater to all, from first-time buyers to experienced investors.

Refinancing

Refinancing means getting a new loan to replace your old one. This is usually done to get a lower interest rate. You might want to do this if interest rates have gone down since you got your last loan. There are other reasons to refinance, like paying off a big payment or changing from a loan that has a changing interest rate to one that stays the same. Refinancing can also help you get money out of your home to use for things like fixing it up, paying for school, or combining all your other debts into one payment. Another way to get money from your home is called a “home equity” loan. This means taking out a separate loan instead of refinancing if your old loan has a really low interest rate compared to current rates or if you would be charged extra for paying off your loan early. The benefits of refinancing or getting a home equity loan include paying less in interest, getting money for home improvements and other expenses, combining debt into one payment, and making smaller monthly payments.

Get money by refinancing your mortgage

Cash-out refinancing allows you to borrow money against the equity in your home. You take out a new mortgage on your home for a larger amount than your current one and receive the difference in cash. This money can be used for any purpose. One reason to choose cash-out refinancing is to pay off high-interest debts, which can help you manage payments more easily. Cash-out refinancing can also reduce your monthly mortgage payment by offering a lower interest rate and extending the length of your mortgage term. In some cases, the interest paid on the new loan may be tax-deductible. Our institution offers cash-out refinancing with low rates and our loan officers can help you decide on the best loan option for your situation. Contact us today to learn more and achieve your financial goals.

Reverse Mortgages

Older Americans are using their home’s equity to improve their lives. This is done through “reverse” mortgages, which give them money for their needs like home improvements, paying off mortgage, retirement income, and healthcare expenses. You can get cash by using your home equity without having to sell your house or take on more bills. To qualify for most reverse mortgages, you must be at least 62 and live in your home. You won’t have to pay taxes on the money you get, and many don’t have income restrictions.