73 search results for refinance
Rent vs. Own Page
It's important to understand the benefits of owning your home. Purchasing your home can be a big commitment, but it comes with many rewards. Read more about the benefits that come with homeownership:• Never worry about an expiring lease or r...
Fixed-Rate Mortgage Page
A fixed-rate mortgage is a type of home loan for which the interest rate is set when you take out the loan and it will not change during the term of the loan.How are interest rates determined?Interest is the cost of borrowing funds from a lending ins...
Mortgage update on forbearances and eligibility restrictions Article
Mortgage update on forbearances and eligibility restrictions In response to several weeks’ worth of advocacy efforts with the GSEs and the FHFA to address concerns about financing options for borrowers in forbearance, FHFA announced that some eligibi...
Empty Nesters: Make Room for Adventure! Article
The time has finally come! The children have flown the nest and your home is YOUR home again. What now? The opportunity to downsize is appealing to many newfound empty nesters. Whether your goal is to declutter, reorganize, buy smaller or refinance t...
Adjustable-Rate Mortgage Page
Adjustable-Rate Mortgages (ARMs) have an interest rate that fluctuates throughout the loan's life. The initial rate is typically lower than comparable fixed-rate offerings, which can make them more appealing. However, that interest rate will...
All About VA Loans Article
In 1944, the United States government created the VA home loan. The main objective, which remains today, was to assist returning service members with purchasing a home without the limitations of a down payment.What is a VA loan? VA loans are backed ...
Tips to Pay Off your Mortgage Early Article
Tips to Pay Off your Mortgage EarlyHomeowners pay off their mortgage early for a few different reasons: Some want to increase their cash flow or pay less in interest, while others want to enjoy the mentality of being mortgage-free. If your mort...
CASH HOME PURCHASE? Get money back through Delayed Financing! Article
Did you recently purchase a home with CASH? Here’s how you can put some money back into your pocket! Delayed financing allows you to quickly access equity in your home and receive a large portion of your cash back. Here’s how it work...
Mortgage Process Page
OUR PROCESSBuying a home is an exciting process, but can be overwhelming if you don’t know what to expect. That’s why we take the time to walk you through the home buying process, helping you make an informed decision about your purchase....
Reverse Mortgage Page
A Reverse Mortgage is a loan that allows a Senior Homeowner to access the cash equity in their home to be used for anything, such as paying for medical needs, daily living expenses, home repairs, travel or simply enhances the quality of their retirem...
Mortgage Pre-qualification Page
Whether you're looking to buy in two months or two years, it's never too early to start preparing for the mortgage process. But it's hard to prepare when you don't know what qualifications are needed. That's why we put together th...
Renovation Page
Want to restore your home, or purchase a home that needs a little—or a lot—of improvement? Let's make your dream a reality, today. At TowneBank Mortgage, we offer several products that can help fund minor or major renovations. Renovat...
Tips to Buying a Home While Going Through a Divorce Article
Whether you’ve been through a separation or divorce or know someone that has, it is very tough emotionally, and the last thing anyone needs to worry about is more problems with living arrangements and financing. Yet this is a common cause for c...
Document Checklist Article
Applying for a mortgage? At minimum, here’s a list of the information and supporting documentation that you’ll want to have at hand:Addresses for previous 2 years’ rental or mortgage history Name, address and phone number of all la...
Benefits of Buying this Fall Article
As housing prices and interest rates have increased dramatically, many potential buyers are waiting on the sidelines wondering whether purchasing a home is in their best interest - or if waiting it out is the smarter decision. While the answer to thi...
Building Wealth through Home Equity Article
Owning a home has long been considered the American Dream. Statistics show that no matter the generation, Americans overwhelmingly believe that homeownership is important. Whether personal, emotional, or financial, there are many reasons why homeowne...
Steps to Homeownership Page
FIRST-TIME HOMEBUYER GUIDEBuying your first home can be overwhelming. But when you have the right resources professionals by your side, buying a home is a milestone to celebrate rather than a hassle. Follow this guide to get started on the path to ho...
What’s the value in installing an at-home swimming pool? Article
What’s the value in installing an at-home swimming pool?With summer right around the corner and some anticipated record breaking temperatures, you may be considering it is time to save money on a refinance and install that pool in your bac...
DSCR Loans for Investment Properties Article
A Game-Changing Financing Solution for Smart Property Investors! Are you ready to take your real estate investments to new heights? We are now offering Debt Service Coverage Ratio (DSCR) loans for investment properties!What is a DSCR loan? DS...
What’s going on in the mortgage industry? Are rates at Zero? Article
What’s going on in the mortgage industry? Are rates at Zero?As many of you are aware, recently the Federal Reserve cut interest rates to near zero in an emergency effort to support the economy during the COVID-19 pandemic. You might be wondering how ...