Photo of a new home

Buying or Refinancing Your Home

June 29, 2017

What is my interest rate? That is the question that is most often asked when someone is shopping for a home loan. There is no doubt that interest rate is important, and First Bank certainly offers competitive rates. However there are other things to be aware of when choosing a lender for your home loan.

Purchasing a Home

Buying a new home is not something that you do every day. It is a huge occasion in someone’s life and should be a good experience. However many times the home loan process can ruin what should be a positive experience and leave a bad taste in your mouth.

First Bank of the Palm Beaches understands what it means to buy your home. We understand that you want to focus on your house and not the necessary financing. Communication is the key to a good home buying experience. There are a lot of people involved in getting a home loan such as your loan officer, underwriter, loan processor, compliance officer, investor and bank management. Your bank should be in your corner and educate you when you wish to understand or simply inform you when you need to know. Most importantly, your bank needs to be your bank and not a stumbling block.

Refinancing a Home

Refinancing your home to get a lower interest rate might be the most common reason to refinance but it is not the only one. Some borrowers wish to refinance into a shorter term mortgage. Some want to refinance into a longer term. Some want to pull a little cash out of their property in order to improve it. Your situation is more than the sum of the numbers of your financial statement. You should choose a bank that understands what you are trying to accomplish and is there to support you.