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Mortgage rates continue to be near record lows.  Refinancing your mortgage can help reduce your monthly payments or allow you to access some of the equity in your home.  Start your refinance with a Northern Bank mortgage lender today  

Send a message or Give us a call 800 273 6908

What to know before you refinance your home

Refinancing means taking a new home mortgage to replace an existing one.  Before you refinance, it’s important to know what you are trying to achieve.


What’s your goal?

  • Lower your monthly payment: Are current interest rates lower than what you are paying? Are you currently in a 10 or 15 year mortgage?  Refinancing may help reduce your monthly payment
  • Pay off your mortgage faster: Are you currently in a 15- or 30-year mortgage? You may want to refinance to shorten your loan term, pay off your mortgage faster and reduce the total amount of interest you will pay
  • Get cash from your home: Has the value of your home gone up since your last mortgage?  Have you made progress in paying down your loan?  You might refinance and take out a larger loan amount to access some of that home equity for current spending priorities


See our rates         Get a custom quote








Current Mortgage Rates

We offer competitive rates and customized solutions to meet your unique situation. Talk to one of our experienced mortgage loan officers to get a custom quote just for you.

Preferred if you plan to stay in your home for a long time and want to pay down your loan faster

15 year fixed

Preferred if you plan to stay in your home for a long time, or prefer stable, low monthly payments

30 year fixed

Preferred if you plan to move or refinance in 5 years or prefer the lowest payments in the near term

5 year ARM

Start an application

Rates assume a FICO score of at least 740.  Actual interest rates & fees will be based on your credit history and may be different than the rates displayed here.


Assumes owner will occupy the property.  The term "ARM" refers to Adjustable Rate Mortgage.  The rate on an Adjustable Rate Mortgage can increase during the life of the loan.


Rates apply to loan amounts up to $417,000, single family detached properties.  Other programs and property types available.  Contact us for a custom quote.


Rates and term subject to change without notice.  Subject to credit approval.    

Work with the best

Finance your home with a local leader.  Northern Bank has been rated the #1 mid-sized Bank in New England for 8 years running and, in 2015, we proudly took the #1 spot in the country. More details... Our success is thanks to an exceptional team and a long history of investing in our communities and neighbors, like you 

Inquire Now

Call Us 800 273 6908

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