If you're looking to refinance a home you already own, rate and service matter. That’s why we offer the ez Refi.
|7 Year Term, currently|
What to Consider when Refinancing your Mortgage:
Advantages of refinancing a mortgage include:
Possible disadvantages of refinancing a mortgage include:
At Eastern CT Savings Bank, we can help you to alleviate the cons and maximize the pros of refinancing your current mortgage—because, if it matters to you, it matters to us.
Still wondering if you should refinance your home loan? Our mortgage consultants would be happy to answer any questions and help you decide.
*Annual Percentage Rates (APR) effective 4/15/2019. Rates are subject to change at any time. Rates offered include an automatic payment from an Eastern Connecticut Savings Bank Checking Account. A non-refundable origination fee of $350 is required. Eligible properties include refinances of 1-4 family owner-occupied detached dwellings and condominiums in ECSB approved projects located in Connecticut and Rhode Island only. Not available for refinancing of existing EZ Refi loans. Minimum loan amount of $10,000 and a maximum loan amount of $1,000,000. Maximum loan to value cannot exceed 80% of the property value. Borrower is responsible for an appraisal fee for a loan greater than $250,000 and for title insurance fees if the loan amount is greater than $500,000. A 12 year loan with an APR of 3.80% is repayable in 144 monthly payments of $8.66 per $1,000. A 25 year loan with an APR of 4.50% is repayable in 300 monthly payments of $5.56 per $1,000. Payments do not include amounts for taxes and insurance, therefore payment obligation will be greater. **Eastern requires escrow for taxes and, if applicable, flood insurance. Borrower is responsible for homeowners insurance, pre-paid interest, and fees or costs assessed by their current lender to have their loan refinanced, and/or extraordinary expenses related to title or trust review issues. Credit approval required. Other rates & terms available.