When mortgage rates are low, it could be a smart time to refinance your home loan. Before you make a decision, visit your nearest Central Bank branch. We will sit down with you and make refinancing your home loan as successful and beneficial as possible.
Explore your options and homeownership goals to determine if refinancing your mortgage is right for you, and contact your local branch for more information.
Refinance my HomeFind a LenderWhen mortgage rates are low, it could be a smart time to refinance your home loan. Before you make a decision, visit your nearest Central Bank branch. We will sit down with you and make refinancing your home loan as successful and beneficial as possible.
Explore your options and homeownership goals to determine if refinancing your mortgage is right for you, and contact your local branch for more information.
Lower interest rates don’t just lower your monthly payment. They’ll also help you pay less over the life of your loan. Free up funds for retirement, savings, paying off debt, or meeting other goals.
When you refinance your loan to a shorter term, you can reduce the overall cost of interest and make fewer payments over the life of the loan. If you can afford it, making higher monthly payments help you pay your loan off faster. That frees up funds for other goals, such as retirement.
If your current home loan has an Adjustable Rate Mortgage (ARM), a fixed-rate mortgage helps you lock in a new rate. Fixed-rate mortgages offer stability and protection from rising interest rates and future payment increases.
If you have an ARM, you may want to refinance your loan to get a lower interest rate that is more stable. Use our rate watch to keep a close eye on interest rates and receive an alert when they hit your targeted rate. Lower interest rates usually mean lower monthly payments.
In addition to lowering your mortgage rate, you could also choose to consolidate other debt with higher interest rates. By combining your balances to one monthly payment, you save money over time.
Refinancing can provide access to some of the home equity you've built up over the years, giving you a safety net of money.
This icon indicates a link to third-party content. By clicking on the link, you will leave our website and enter a site not owned by the bank. The site you will enter may be less secure and may have a privacy statement that differs from the bank. The products and services offered on this third-party website are not provided or guaranteed by the bank.
Member FDIC. Equal Housing Lender. 
NMLS #407985
© 2024
This icon indicates a link to third-party content. By clicking on the link, you will leave our website and enter a site not owned by the bank. The site you will enter may be less secure and may have a privacy statement that differs from the bank. The products and services offered on this third-party website are not provided or guaranteed by the bank.
Member FDIC. Equal Housing Lender. NMLS #407985
© 2024
This icon indicates a link to third-party content. By clicking on the link, you will leave our website and enter a site not owned by the bank. The site you will enter may be less secure and may have a privacy statement that differs from the bank. The products and services offered on this third-party website are not provided or guaranteed by the bank.
Member FDIC. Equal Housing Lender. NMLS #407985
© 2024
