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Refinancing Your Home

Opportunity: right ahead

Refinancing is a great opportunity to save money through better interest rates. The process is really quite simple:

We’re here to help, every step of the way.

Listen

People refinance their homes for a variety of reasons. The most obvious is likely to get better terms by lowering their rate or shortening their payback period. Sometimes it is to finance an addition to the house or send a child to college. Other reasons may include investing in other real estate, or consolidating other debt. Whatever your reason, our experienced mortgage loan advisors will listen to you as you describe your objectives and help fashion the best refinance plan to suit your needs.

Analyze

It’s important when refinancing to not take one step forward and two steps back. That’s why we want to be sure that while you are satisfying your initial need, it doesn’t come at a greater cost to your overall financial health. At Simsbury Bank we will discuss the total cost of your proposed new loan and help you determine if satisfying your objective comes at too great a cost.

Apply

After we develop the plan, we will walk you through the application process every step of the way. Documentation is an important part of any mortgage loan application and we’ll make sure you are properly prepared to produce what will be needed to make your transaction a smooth one.

Approve

When your file is underwritten and approved, we’ll guide you through the closing process and wish you well as you go on to achieve whatever goal you set out refinancing for. Whether it was to increase your monthly cash flow, consolidate debt, finance school tuition or increase the size of your home, you’ll be prepared to accomplish that goal.

Keep in Touch

After you’ve successfully refinanced your home, remember that Simsbury Bank is always here as your community bank to help you with any of your other financial objectives.

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