Many borrowers refinance a mortgage to shorten its term. While a shorter term means a higher monthly payment, you'll build equity faster and pay far less in total interest over the life of the loan.
Contact Bank of Tennessee Mortgage Division to discuss mortgage refinancing. An experienced Bank of Tennessee Mortgage Banker will make an appointment to discuss your needs and find financing for your unique situation.
Be sure you bring the following information to your appointment:
- Property purchase value
- Current mortgage balance
- Current monthly mortgage payment
- Current mortgage interest rate
- Gross annual income
- Monthly debt
Contact a Bank of Tennessee Mortgage Banker at (866) 378.9500 for more information.
*All loans subject to credit approval. Bank of Tennessee is an Equal Housing Lender