Look to New Frontier Bank for a full range of lending options. Our loan products and lines of credit can be tailored specifically to meet your needs. All lending decisions are made locally by the people you know and trust. Stop the headaches and enjoy the convenience of having your loan serviced locally.
Buying a home and getting a mortgage is one of the most significant and important financial decisions you will make. It can be a great investment, but it is important that you buy the right house and get the right mortgage for you. Getting the right mortgage can save you thousands of dollars and lots of headaches. Buying a house and getting a mortgage can seem like an overwhelming process. Before you apply there are some things you should know.
If you have an existing mortgage it may be beneficial for you to consider a refinance. If current mortgage rates are lower than the rate on your existing mortgage, it could save you significant money. If your mortgage is an Adjustable Rate Mortgage and your interest rate and payment are beginning to increase, refinancing into a Fixed Rate Mortgage could be extremely helpful. If you are currently unhappy with the customer service and lack of local servicing, refinancing with a lender that offers local servicing could relieve many of your headaches.
At New Frontier Bank the refinancing process is very easy and can be completed in as little as three weeks. We will need you to provide us the property information and your current mortgage statement, income information, asset information, credit information and personal information. Once the application is complete we will order an appraisal and request a payoff amount from your existing mortgage holder. No home inspections or property surveys are required. New Frontier Bank will send the payoff to your lender for you upon closing and you can start to enjoy the peace of mind that having your mortgage locally serviced can provide.
Whether looking for your first home or looking to refinance your existing mortgage, you can come across a lot of new terms. Here are some terms that you should know to help you navigate through the process.