Our financial acumen has shown itself to be tried and true for over a century. Great Eastern Bank provides customized banking solutions to citizens and visitors from around the world alike.
Personal banking and financial services include installment loans, home mortgages, equity loans, credit loans, and retirement savings and investments. Specific banking services, like, credit cards, are offered by credit.com.
The following directory of banking and financial resources is intended to provide more detailed information on some of the more common and less understood areas of personal finance:
Life Settlements
A life settlement generally refers to the sale of ones life policy for less than the value but more than cash-surrender amount. The policy is sold to a third party investor that plans to profit after the death of the individual. For more information click here.
Reverse Mortgages
A reverse mortgage can be very complex in in some cases lead to difficult situations for senior homeowners. For that reason we recommend that seniors interested in learning more about the options and types of reverse mortgages should consider speaking directly with a reverse mortgage advisor.
Ways to Improve your Mortgage Terms
Homeowners who have already purchased their property through a first time or primary mortgage can always try to improve the terms of their mortgage through a variety of methods. Most commonly know, is home refinance options which utilize home equity to create a new loan program with better terms to replace an existing mortgage. Other options exist in the form of mortgage help, like Loan modifications designed to help homeowners change the terms of their mortgage with through a government program backed initiative which help cut down on the rate of mortgage foreclosures.