Mortgage rates continue to be near record lows. Refinancing your mortgage can help reduce your monthly payments or allow you to access some of the equity in your home. Start your refinance with a Northern Bank mortgage lender today.*
Subject to credit approval
Are current interest rates lower than what you are paying? Refinancing may help reduce your monthly payment.
You may want to refinance to shorten your loan term, pay off your mortgage faster and reduce the total amount of interest you will pay.
Has the value of your home gone up since your last mortgage? Have you made progress in paying down your loan? You might refinance and take out a larger loan amount to access some of that home equity for current spending priorities.
If you plan to stay in your new home for the long term or prefer the certainty of monthly payments that won't change during the life of the loan, a fixed rate mortgage may be the best option for you.
If your priority is minimizing your monthly payment or you plan to move or refinance within five years, an ARM may be the best option for you.
If you need a mortgage greater than $484,350, you may need to look at a Jumbo Loan. Jumbo mortgages are similar to regular fixed or adjustable rate mortgages, but may have:
Thanks to Northern Bank's ability to hold mortgages in our portfolio, we can often be more flexible than many other lenders when parts of your application don't fit the standard industry criteria. Non-traditional situations we can consider include:
Contact our Team to learn more about how Northern Bank can help you realize your goals and dreams.