I Want To Refinance

If you’re looking for more than just a bank, but more of a safe and reputable financial establishment to help you refinance your home, we can help. Because ENB is a community bank, we can offer special loan products that meet the unique needs in the local real estate market .

Take advantage of our free Pre-Loan Consultation. Let us help you run the numbers to determine how long it will take you to break even on a refinance and to confirm that refinancing is the right decision for you.

That’s not all… once you decide what direction to go or if you need help making a decision, a friendly Mortgage Expert can guide you through each step!

  • Products
  • FAQs

Fixed-Rate Mortgage Loans

Typically referred to as a “traditional mortgage,” this is the most common mortgage used for refinancing. The interest rate and payment stay the same for the life of your loan. It is a great option for borrowers who desire predictability.

  •  15, 20 and 30-year term options available
  •  Down payment options as low as 5%
  •  Local underwriting on all mortgage loans

Adjustable-Rate Mortgage (ARM)

Adjustable-Rate Mortgage loans have interest rates that change during the life of the loan. ENB offers ARMs with an initial interest rate that is fixed for a period of 3, 5 or 7 years. Refinancers benefit as this rate is typically lower than a fixed-rate mortgage. After the fixed-rate period expires, the interest rate adjusts annually. For example our 5/1 ARM will have a fixed rate for the first 5 years. It will then adjust annually for the remaining 25 years of the mortgage.

  • 3/1, 5/1, and 7/1 options available
  • Down payment options as low as 5%
  • Local underwriting on all products

Need some questions answered before moving forward with refinancing a home? We can relieve your stress by providing you the facts you need, in order to keep the cost-savings excitement going.

Q: Does ENB Mortgage charge an application fee?
A: At ENB Mortgage, we do not charge an application fee. We do, however, collect the fee for the appraisal at time of application. This fee will depend on the type of loan you are applying for.

Q: I want to refinance my current mortgage but am concerned about being able to pay the closing costs. What are my options?
A: As long as you have enough equity in your property, we can include the closing costs in the loan. We also offer options where ENB will pay a portion of the closing costs.

Q: Do you have any pre-payment penalty?
A: No. We do not have any penalty if you pay the loan off early.

Q: Will ENB service my mortgage or sell it to someone else?
A: ENB keeps some conventional mortgages and sells others. The majority of sold mortgage loans continue to be serviced by us, so you will typically make your payments directly to ENB. We also offer a convenient automatic payment option where payments can be debited directly from your checking or savings account. We do not service mortgages we offer in partnership with government entities such as FHA, VA or USDA.

Q: Can I apply at any ENB branch office?
A: Yes, a Mortgage Expert is happy to meet with you at any of our branch offices. You can also apply online.

Q: What types of mortgages does ENB offer?
A: We offer a wide variety of products, including conventional, adjustable rate, construction, Rural Housing, FHA and VA loans. We also offer a number of non-conforming mortgages which are loan programs that focus on the unique needs in the local real estate market which may fall outside of nationwide agency guidelines.

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