Should I Refinance My Mortgage?
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Answers to all your questionsAs a Newsweek and Forbes top-rated bank for attentive service, our team is readily available and eager to answer all your questions. Whether you’re refinancing for the first time or you’re a seasoned pro, we’ll patiently explain the process and present the best mortgage refinancing solutions to ensure you have a comprehensive understanding of all your options. |
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Expert advice through every stepWe’re a long-standing community bank that’s been serving the Midwest since 1893, so we’ve endured a variety of economic cycles and have a wealth of experience navigating the ever-changing real estate market. Our mortgage experts stay up to date on local market trends, fluctuating interest rates, and the best loan products - so you can feel confident in making well-informed decisions regarding one of the most significant investments in your life. |
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Committed to helping YOU prosperWith a “helping you prosper” service philosophy, our team of trusted mortgage advisors are committed to putting your needs and financial well-being first. We’ll take the time to understand your financial goals and attentively assess your situation in order to provide mortgage solutions that position you for long-term success. |
Rate and Term RefinanceOne of the most common types of refinancing is rate and term, where you replace your existing mortgage with a new one – primarily to change the interest rate or the term (duration) of the loan. When market conditions are right, this can be a savvy way to lower your monthly payment, pay off your mortgage faster, or better align with your overall financial goals. |
Cash Out RefinanceA cash out refi is a financial strategy that allows you to leverage the equity in your home to secure a new mortgage for an amount higher than your current loan balance. You receive the difference between the two loan amounts as a lump sum of cash that can be used for any purpose, such as home improvements, debt consolidation, education expenses, and investments. While cash-out refinancing can provide financial flexibility, it should be considered carefully with your long-term financial goals as it also increases the overall mortgage debt. |
Free ConsultationWith the assortment of refinancing solutions available and the costs and potential savings involved, it can be confusing to know which options are best for you. That’s why it’s important to speak with an attentive lender who cares about your financial well-being. During a no-cost, no-obligation conversation, we’ll review your current situation and help you understand the benefits and drawbacks of different refinancing options based on your goals. |
