Home Refinancing Loan
A Home Refinancing Loan replaces your existing home mortgages and liens with a
home equity loan. There are several advantages to getting a Home
Refinancing Loan instead of a conventional mortgage including: no closing
costs, points or prepayment penalties, a loan decision within one day and the
ability to build equity faster than with a conventional mortgage.
Dollar Bank offers two types of Home Refinancing Loans. Our fixed rate
loan has terms ranging up to 180 months and our Win-Win adjustable rate loan
has terms of 120 or 180 months available. Both loan types include the
benefit of a fixed monthly payment for budgeting ease. Dollar Bank offers
a wide range of terms and low rates so you can build your equity faster while
keeping your payments low!
After assuming the balance of your existing home mortgages and liens, you can
use the additional equity available for a number of purposes, including debt
consolidation, home improvement, education or auto purchase. And because
a Home Refinancing Loan is secured by your home, the interest paid may be tax
deductible.*
* Consult your tax advisor regarding the deductibility of interest.
