Many leading economists have predicted mortgage rates will continue to rise. At West Suburban Bank, we say “it’s not too late” to get a historically low home mortgage or refinance rate. Kevin Carani, our Vice President of Mortgage Lending explains why this is a good time for people who would like to take advantage of lowering their interest rate. “There are still a lot of homeowners with first mortgages at a rate over 5%. If that’s the case, they have a great opportunity to take advantage of the lower rates”. The lower rates also provide customers a chance to refinance to make home improvements, combine a first and second mortgage, pay off higher interest credit card debt or get a jump on college tuition.
At West Suburban we also offer Short-Term Master Lines of Credit and Short-Term Second Mortgage options which are among many opportunities we offer to help our customers develop a sound financial strategy using their home equity wisely. All it takes to find out what opportunities are available to you is a phone call to a West Suburban Personal Banker at 630-652-2000.