Purchase Loans
Five Points Bank offers a comprehensive menu of financing options, including solutions that can be customized depending on your situation. Talk to us today about your dream home, and we’ll get started on how we can make it a reality.
Refinancing Loans
If you want the opportunity to lower your existing mortgage’s interest rate, shorten the term of your loan, convert from an adjustable-rate mortgage to a fixed-rate mortgage (or vise-versa), or even consolidate debt, refinancing might be the right solution for you. Talk to one of our mortgage specialists today to see if it’s the right time for your situation.
Home Equity Loans
Tap the equity in your home to fund education, investments, home improvements – even vacations. Or you can use your loan to pay off high-interest credit card balances or other debt. Five Points Bank has competitive rates, easy payment options and low application fees. There may even be advantages at tax time (ask your tax advisor for details).
Getting Your Home Equity Loan
Getting your current mortgage loan is a similar routine to that of a home equity loan. Some differences are though, that the rate of interest with a home equity loan is usually higher (with tax deductible interest) with lower closing costs.
To qualify for a second mortgage, you will need a positive credit score and you should be able to verify your income. To figure out your home's market value, your lender will ask for an appraisal of your home.
Have questions about your home equity, call us. It's our job to answer home equity loan questions, so we're happy to help!
Type of Home Equity Loans
Use the equity in your home for home improvements, debt, consolidation and investments. Five Points Bank has competitive rates, easy payment options and low application fees.