Simple Home Refi

Whether you’re looking to lower your current interest rate or take cash out of your home for renovations or other expenses, SunTrust Bank can streamline the process with a Simple Home Refi. At SunTrust our purpose is to provide you with options and help you understand those options, so you can select the best solution to help you on your path to financial well being. A Simple Home Refi may be the right borrowing solution to address your family’s needs today.

Apply for a new Simple Home Refi online, at your local branch, or by calling a SunTrust lending specialist at 800.279.4824.

Benefits of the SunTrust Bank Simple Home Refi

  • No origination, application or processing fees
  • Low closing costs
  • Low, competitive fixed rates
  • Flexible repayment terms. 5 to 20 years1
  • Work directly with your local SunTrust branch representative
  • Loan amounts. $10,000 to $250,000
  • You have options. Refinance to obtain a lower rate, take cash out to pay for home improvements or education expenses, pay off higher rate balances or pay for other important financial needs.
  • No property tax or hazard insurance escrows required1
  • Convenient closing. Close your loan at a SunTrust branch near your work or home.2

What’s right for you? In addition to the SunTrust Bank Simple Home Refi, we offer other refinance options—such as a conventional first mortgage refinance. To obtain more information about a conventional mortgage refinance loan, visit SunTrust Mortgage.

Simple Home Refi Snapshot

If you answer "yes” to the following questions, the Simple Home Refi may meet your financial needs:

  • Are you looking to lower your rate on your existing mortgage?
  • Do you want to refinance your mortgage with low closing costs?
  • Do you need funds for home improvements, education expenses or to pay off higher rate balances?
  • Do you want to pay off your loan over a shorter period?
  • Are you looking for a fixed-rated/fixed-term loan?
  • Are you without an existing mortgage but want to access equity in your home?
  • Do you prefer to pay your property taxes and insurance premiums directly rather than have them included in your monthly payments?

SunTrust clients: Take advantage of interest rate reductions3 available for the Simple Home Refi:

  • 0.25% interest rate reduction if payments on your Simple Home Refi are automatically deducted from a SunTrust checking, savings or money market account using SurePaySM

1Payment Example: $75,000/15-year term loan at a rate of 4.42% Annual Percentage Rate( APR) and an 80% Combined Loan to Value ratio (CLTV) would result in 180 monthly payments of $570.68. These payments do not include taxes and insurance premiums; therefore, your actual payment obligation will be greater. Standard rates range from 4.14% to 4.82%, so your APR and monthly payments may be higher or lower than the APR and payments in this example and may differ based on your SunTrust relationship, loan amount, repayment period, and other factors. Rates are subject to change. Available in Alabama, Arkansas, District of Columbia, Florida, Georgia, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia and West Virginia.

2Attorney not required except in South Carolina

3A 0.25% interest rate reduction off the standard rate of a Simple Home Refi if the payment is automatically deducted from a SunTrust checking, savings or money market account using SurePaySM. All loan discount offers are subject to change. Relationship pricing discounts are not available on existing Simple Home Refi loans.Relationship pricing discounts may not be applicable for all products. Consult your banker for details.

Contact Us

To reach a SunTrust representative:

  • 800.SUNTRUST
  • Existing Loans
  • 800.279.4824
  • New Applications
  • Chat Now

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Investment and Insurance Products:

  • Are Not FDIC or any other Government Agency Insured
  • Are Not Bank Guaranteed
  • May Lose Value

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