|Loan Term (Years)||5 - 30 years|
FirstBank Mortgage Refinance Review
FirstBank Mortgage Refinance is offered by FirstBank (NMLS #458768), founded in 1963 and based in Lakewood, CO. FirstBank Mortgage Refinance is available in 3 states across the USA.
- Specializes in multi-family properties. Only offers mortgages for multi-family properties, but not for single-family homes or manufactured homes.
- Only primary residences considered. FirstBank Mortgage Refinance does not offer refinancing for vacation homes or investment properties.
- Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
- Good credit required. You will need a credit score of at least 680 to qualify.
What is the maximum loan term for a mortgage refinance via First Bank mortgage?
The term of a mortgage refinance will impact the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. FirstBank Mortgage Refinance offers mortgage refinancing with terms ranging from 5 to 30 years.
How long does First Bank mortgage take to refinance?First Bank mortgage does not provide details on the average time to close a refinance. However, it typically takes 30 to 45 days to complete a refinance. Of course, a lot depends on the market, the lender, and how long appraisals and inspections take.
Does First Bank mortgage charge a mortgage origination fee?
Yes, FirstBank Mortgage Refinance will charge a loan origination fee.
What property usage types does First Bank mortgage allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. FirstBank Mortgage Refinance allows the following property usage types:
Other Services by FirstBank
|Credit Score Range||680 - 840|
|Employment Statuses Considered||
|Immigration Status Considered||
|Verification Documents Required||
|Loan Term||5 - 30 years|
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