Refinance My Home
There are a number of reasons to refinance your home—maybe rates have decreased since your last mortgage, maybe you have equity and you want to get cash out, or maybe you can now afford a larger payment. No matter the reason, Amboy Bank can help with our expert advice and array of mortgages.
Have Questions? Amboy Can Help!
If you’re refinancing your home, one of the main reasons is because you want to save on interest expense. Amboy Bank’s ½ Pay Mortgage® allows you to pay your mortgage biweekly, which shaves off years of payments, allowing you to build equity faster and save thousands in interest. With a conventional mortgage, you make one payment every month. But with our 1/2 Pay Mortgage®, you make one half of that payment every two weeks. That’s the equivalent of one extra payment every year, and the savings add up!
Use our calculator below to estimate how much you can save over the life of your loan. Then explore our 1/2 Pay Mortgage® mortgage options or get the process started right away!
Your ability to qualify for a mortgage depends on the cost of the home you want to purchase, and your household’s perceived ability to make timely mortgage payments. Amboy looks at a variety of factors when reviewing a loan request, and we don’t only judge you based on your credit score.
It’s a good idea to prequalify yourself for a mortgage, so you have an idea of the type of home you can look for. You can prequalify online or over the phone by calling 800-942-6269. We’ll also answer any other questions you have about the home buying process!
Amboy Bank offers cash-out refinances for those who want to tap into some their home’s equity. The cash-out amount depends on your home’s value and how much payment you can afford.
As an alternative to cash-out, Amboy offers a Choice Home Equity Loan with qualifying refinances. This way, you can use only what you need as you need it, instead of taking a lump payment.
Amboy Bank can help you work through the numbers and find a mortgage for you. Explore our mortgage options or get the process started right away!
The decision to refinance a home mortgage can involve many factors. You might want to take cash out of your home at when you refinance to use for other purposes. Or, you might want to obtain a lower interest rate and/or lower your payments. Or, maybe you can afford a higher payment and want to decrease your term so that you save money in the long run.
Use our calculator below to see if now is the right time to refinance your mortgage. Then explore our mortgage options or get the process started right away!
Explore Amboy Solutions
We offer a number of home loan solutions to help make your dream home a reality. Take a look at some of our unique advantages and most popular loans below.
Because we don't sell our loans, we can provide the following unique benefits.
- Modify your rate at any time with just a phone call. No need for costly and time consuming refinancing if rates go down.
- We service your loan for the life of the loan, so you'll always know where to find us if you need to speak to someone.
- Always speak to a non-commissioned, local home loans expert.
Our tailored home loan options are designed to fit your lifestyle and goals. Your perfect home starts with a loan that's perfectly matched to you:
- Save thousands in fees with Zero Cost Refinance
- "Re-borrow" a portion of your equity with Interest Saver Plus
- Pay off your mortgage faster with 1/2 Pay Mortgage