BLOGS

With mortgage interest rates at historic lows, many homeowners are contemplating whether they can refinance their mortgage and lower their monthly payment or save on interest charges. And for many buyers, refinancing might make financial sense right now.

Getting a mortgage is a major financial decision, so it’s wise to first familiarize yourself with the home mortgage process.

If you’re thinking about refinancing and wondering when to refinance a mortgage, consider your specific situation and explore how it benefits you. Paying off an existing mortgage and replacing it with a new one amounts to a major financial decision for most homeowners.

Between work and home life, it can be tough to find time to visit a bank and open a new account. Fortunately, with First Merchants it’s easier than ever to open an account entirely online. From start to finish, opening a personal checking or savings account through the First Merchants website or mobile app can be done in just a few minutes.

Buying a home is the largest purchase most people ever make. Since the typical homebuyer doesn’t have the savings required to purchase a house with cash, they borrow the funding from a bank or lending agency, usually in the form of a mortgage.