Refinance and Save!
When interest rates drop by at least 1.00% below your existing loan rate, it may be a money-saving SMART CHOICE to refinance your loan. Contact F&M Bank to help you determine if refinancing can help you:
- Reduce Your Interest Rate – A lower interest rate means lower payments
- Reduce Your Mortgage Term ... And Pay Off The Loan Faster – Refinancing to a shorter term mortgage can save you interest charges over the life of the loan
- Convert Your Equity Into Instant Cash – Borrowing against the equity in your home can be a low-cost and often tax-deductible way to get extra money (please consult with your tax adviser). Plus, mortgage interest rates are usually lower than other types of consumer loans. We can help you unlock cash from your home's value with a Home Equity Line of Credit that allows you to "write yourself a loan" at your convenience ... or a fixed term Home Equity Loan (subject to separate application and approval).
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