MANCHESTER, N.H.–St. Mary’s Bank has launched a new product it is calling SNAP Refinance, which it describes as a new loan option for homeowners looking to lock in a lower rate and enjoy a faster refinancing process.
“With the potential to save thousands in interest, SNAP Refinance is the smart choice for homeowners who want to reduce their mortgage terms or access the equity in their homes,” the credit union said. “This simplified mortgage refinance option offers no up-front or closing costs as well as expedited processing, helping homeowners save money sooner.”
“Many homeowners are reluctant to refinance even though not doing so could leave money on the table,” said Karen Mayrand, director of residential lending at St. Mary’s Bank, in a statement. “SNAP Refinance provides qualified homeowners a quick, affordable way to reduce the terms of their mortgages and potentially lower their interest rates.”