The Federal Savings Bank is based in Chicago, IL. The company was founded in 2011 and offers mortgage refinancing to borrowers in 50 statess across the USA (and Washington, DC).
The term of a mortgage refinance will determine the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. The Federal Savings Bank offers mortgages refinancing with terms ranging from 15 to 30 years.
Yes, The Federal Savings Bank may charge a loan origination fee.
Yes, The Federal Savings Bank charges additional fees to borrowers who pay off their home loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment fees can reduce or even cancel the interest savings of repaying a loan early.
The Federal Savings Bank offers the following mortgage programs:
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. The Federal Savings Bank allows the following property usage types:
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