Refinancing

Refinancing with Bank of Oak Ridge is one of the smartest money moves you can make. In today’s market, you can get low interest rates, reduce your monthly payment or opt out of your adjustable rate mortgage (ARM) for a historically-low fixed rate mortgage.

Downsize Your Jumbo Mortgage

At Bank of Oak Ridge, loans up to $500,000 qualify for non-jumbo financing. That means significant savings over the life of your loan. At most other banks, loans over $417,000 are classified as jumbo loans.

Reducing Your Mortgage Payment

Refinancing your existing mortgage loan could save you money by reducing your monthly payment. We can help you determine if refinancing is right for your situation. Just provide the rate you’re paying now, how much you still owe on the loan, and how many payments you have left. We can show you what your new monthly payment would be and how much money you’ll save overall.

Smart Money Mortgage

With our Smart Money Mortgage you could save thousands of dollars over the life of your loan. That’s money you could use for investments, putting children through college, or even buying another home!

  • Choose your term – 7-30 years*
  • Loans are processed faster
  • Less red tape and more convenience
  • Competitive loan rates
  • All decisions are made at Bank of Oak Ridge
  • Enjoy benefits of historically low mortgage rates
  • Make payments at any Bank of Oak Ridge office location

*See bank for details. Subject to credit approval.

To find out how refinancing can save you money, call Client Connect at 336-644-9944, use our online contact form, or stop by one of our convenient Triad office locations.