Save up to $2,000 on first mortgage or home equity line of credit HELOC closing costs at AIG Bank.

AIG Bank is extending its $500 credit toward homebuyers’ closing costs through the end of March. The same deal holds true for AIG’s $2,000 closing cost credit for its home equity lines of credit, which has also been extended until March 31, 2010.

AIG BANK CLOSING COST CREDITS

First Mortgages: $500. All borrowers who apply for a first mortgage with AIG Bank from November 1, 2009 through March 31, 2010 and close on that loan by June 30, 2010 will receive a $500 credit toward their closing costs. This offer may not be used with any other AIG Bank closing cost credit or promotion.

Home Equity Line of Credit (HELOC): up to $2,000. AIG Bank will provide a credit up to $2,000 at closing to offset closing costs and the appraisal fee for a HELOC in first lien position or up to a $1,000 credit for second liens. This offer may not be used with any other AIG Bank closing cost credit or promotion.

Whenever you apply for a mortgage, make sure you receive a Good Faith Estimate and don’t be afraid to shop as lenders have a lot of “wiggle room” with rates and fees. If this is your first time refinancing, be sure to read our Refinance FAQ’s.

Learn more at the AIG Bank website.