COVID-19 Alert - Please visit our response page for updated location availability, hours, and ways we can help. Learn More
Your home is most likely your most significant financial investment. When you purchased it, your mortgage loan used your home as collateral. This provided you with financing to obtain your home in exchange for regular mortgage payments. A mortgage refinance loan essentially replaces and reduces your current home loan rate, allowing you to streamline your finances.
A good mortgage rule of thumb is to refinance if rates are around one half percent less than your current rate. When interest rates are low, it can be a good time to refinance your mortgage and save money. In addition to lowering your monthly payment, refinancing can help you access some of your home’s equity, consolidate debt or change your loan program to a better one. Make sure to factor in all of the closing costs and fees associated with refinancing.
As you navigate the refinancing process, you probably have a few questions. Here are answers to the most common questions:
At PeoplesBank, our refinance mortgage lenders will find the best mortgage options for you. We lend in both Pennsylvania and Maryland, and our refinance loans are available for primary residences, investment properties and vacation homes. Our process is easy and even gives you the opportunity to include your closing costs in your new loan.
We also offer fixed rate and adjustable rate loan options as well as:
Whether you need a 15-year or 30-year loan, we will work with you to find the best solution. Take a look at our mortgage financial calculator to get estimates on the loan amount you can afford, what your mortgage payments might be and what your refinancing options are.
To refinance your mortgage, you’ll want to first:
At PeoplesBank, we have been serving our local community since 1864. We serve as financial mentors, offering tailored mortgage and loan solutions for each client’s needs. Contact us today if you have any questions about homeownership or our refinance options. We look forward to helping you achieve your financial goals and dreams.
Email is not a secure form of communication and personal information should not be communicated in this way.
Sign up to get news & updates from PeoplesBank!
Check your inbox or spam folder to confirm your subscription.
Please submit your ZIP Code
We're sorry, you are not located within our service area.
Click here to view a full list of the zip codes that we currently serve.
If you need account assistance, please Contact Us here.
Internet Explorer is not a supported browser.
To fill out the account application, please use an HTML5 compatible browser, such as Chrome, Firefox, Safari, or MS Edge.
The website you have selected is a external website located on another server. PeoplesBank has no responsibility
for any external websites. It neither endorses the information, privacy, content, presentation, or accuracy
nor makes any warranty, express or implied, regarding an external site.
Continue to External Site
Stay on this page