From Anabela Vargas, VP/Senior Loan Officer There’s something we often hear in the loan department here at Canton Co-operative. Borrowers tell us that we’re easy to talk to, easy to reach … and they like working with us.
When it comes to your mortgage, that’s actually how it should be. You want to feel like your loan officers are people you can talk to about new things that come up in your life and with your finances – people who can help you manage your mortgage in a way that works for you today.
At one time, mortgages were “set & forget” for 30 years. Not anymore! People have more options now – including refinancing and getting a home equity line of credit.
We always try to let people know in various ways about all of their options so the idea will be in the back of their minds when something comes up that they need or want financing for. The other day a gentleman called about a home equity line of credit. “You talk about them all the time,” he said. “I think I need one now.”
Another homeowner had gotten a new roof and she had gone with the roofing company’s financing plan. Their rate was 7.99%. Ouch! She told me she was thinking that maybe she should “talk to the bank” to see if she could get a home equity line at a better rate and pay the roofing company off. We were able to help her make that happen – she was delighted.
And right now with mortgage rates dropping, refinancing is becoming the right idea for some homeowners. It all depends on your unique situation.
If there’s something you want to accomplish that you need financing for, we are always happy to sit with you to take a look at your numbers and see what might be do-able. Come see us or call 781-828-8811 x4. Or email me and we can take it from there.
Anabela Vargas NMLS #582849 – Falo Português
Canton Co-operative Bank NMLS #721437