Shopping for a new home loan? Considering refinancing your existing mortgage? Visit Central Bank. Our competitive home loan rates can help make home ownership more accessible to you. We make all loan decisions locally and tailor our decision to your unique situation.
Ready to shop for a home loan? Use the following information to fill out an application and get prequalified for your mortgage loan.
Whether it’s a brand new home loan or you plan on refinancing your current mortgage, we’ll need to know the purpose of the loan.
Are you planning on moving into your new home? Is this a vacation property to be used only part of the year? Are you purchasing the property as an investment and to rent to others? In many cases, there are rules related to occupancy status that could drive the mortgage rate up. Be sure to ask your loan officer for clarification regarding your home’s occupancy status.
Property types can impact your mortgage rate. Single family homes, for example, often have the lowest priced financing. Townhomes, condominiums, and other multifamily properties are often riskier to finance.
More expensive homes often have higher interest rates due to the increased dollar amount financed.
One of the best ways to lower your interest rate is to lower the amount of the loan. Larger down payments can help cut down on the amount of money you’re borrowing as well as the term of the loan.
The best way to start your home loan process is to get your rate online. Prequalification for your home loan can help make shopping for your new home—or refinancing your current one—even faster. To get started, stop by your nearest Central Bank location to get a personalized quote or start the prequalification process online.