A Zions Bank® Home Refinance Loan is ideal when you want a new loan on your existing home, a lower interest rate or a change in the length of your loan. A home refinance loan pays off your old loan and issues a new mortgage on your home.
Zions® rates are among the lowest around. Receive a 0.25% discount by having your loan payment automatically deducted from your Zions Bank deposit account.
No Up-Front Fees
Unlike traditional refinance loans, a Zions loan doesn’t require origination fees, points or closing costs.
Save on taxes by deducting the interest you pay on your loan. (Consult your tax adviser.)
How Much Can I Get?
The amount of your loan depends on your income and debt levels, your credit history and the property value of your home. The typical maximum loan-to-value ratio for a home refinance loan is 80%. To estimate your loan-to-value ratio, simply divide the expected loan amount by the value of your home.
APR as low as**
Fixed rate: 84 months
Fixed rate: 120 months
Adjustable rate: 180 months, rate reset after 120 months
Rates effective as of 04/19/2014
See Important Details
Loans subject to credit approval; restrictions apply.
** Advertised APRs are based on auto-pay discount, term of loan, and excellent credit history. Rates subject to change without notice. No points, closing costs or third-party fees. Property values will be determined by lender—any external appraisal requested by applicant will be at the applicant's expense. Limited to owner-occupied property with up to 80% loan-to-value. Property insurance required. Other plans and APRs are available; restrictions apply.
ADDITIONAL RESTRICTIONS FOR LOANS SECURED BY MANUFACTURED HOME WITH LOT: Higher rate/APR applies. Actual third-party costs will be assessed. Maximum 75% loan-to-value.
Sample Payments schedule based on a $100,000 loan (samples do not include amounts for taxes and insurance premiums):
Fixed rate 84 month term, monthly payments of $1,348.09
Fixed rate 120 month term, monthly payments of $1,016.73
Variable rate 180 month term, initial 120 monthly payments (fixed for the first 10 years) are $754.30, followed by 60 monthly payments of $754.30. The variable APR is subject to change and may increase at the 10 year adjustment, the minimum APR is 3.79% and the maximum APR is 9.99%. The APR and monthly payment can change no more than once for the remaining 5 years. Rate is based on the Five-Year Long-Term Fixed Rate Bullet, Federal Home Loan Bank Seattle (www.fhibsea.com).