Made Simple

We know that borrowers have questions. That’s why we ensure Home Federal Bank has answers. Let us help you get started. The first question to ask your self is:

How long do you want the term of your loan to be? See our rates here.

  15 years or Less       More than 15 years

Wondering What Refinancing Can Do For You?

Refinancing can offer multiple, plentiful benefits over time, helping you take advantage of lower interest rates or even shorter terms, both of which can result in significant savings. As the economy fluctuates, it’s important to be sure that your financing arrangement aligns with your goals. If you’re considering refinancing, three key potential benefits may come to mind:

  • Lowering your monthly payments can make a big difference in your lifestyle.
  • Better rates can help you build equity much faster.
  • When refinancing, you may gain access to tax-deductible funds. Ask your tax advisor.
Should I Refinance?
Knowing When to Refinance

Depending on how long you plan to stay in your home, it makes sense to weigh the cost of refinancing against the potential savings over the intended length of your stay.

What It Takes to Refinance

Applying for a refinancing agreement is similar to applying for a mortgage, so it should feel familiar. Depending on your unique financial situation, some programs reduce the required documentation and speed up the process.

ARMs VS Fixed-Rate Mortgages

Adjustable-rate mortgages typically adjust annually, but some remain fixed for years before a first adjustment, so if you’re planning on being in your home for a short time, this arrangement might work well for you. Speak with a Home Federal Bank loan advisor to learn more.

Back to top