Benefits of Refinancing

If you choose to refinance your mortgage, you will replace your existing mortgage with a new one – with a new rate and term.

Reduce your monthly payments

When mortgage rates are low, it can be a great time to refinance your home. You may be able to keep your current repayment term, lower your monthly payments or shorten your repayment term.

Reduce your interest rate

If you plan on owning your home for an extended period of time, and the interest rates are lower than your current rate, refinancing may be the right choice for you.

Shorten the term of your mortgage

Shortening the term of your mortgage may help you build up equity faster and pay less in total interest over the life of the loan, which means big interest savings in the long run.

Get cash out

With a cash out refinance, you can use the money for major expenses, renovations or consolidating debt.

Remove private mortgage insurance (PMI)

If your home has increased in value, refinancing can help you take advantage of the increased equity in your home or remove private mortgage insurance.

Determine a break-even point. Your break-even point occurs when the savings from your new loan equals or exceeds any costs associated with the new mortgage loan.

We can also help you with...

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Home Equity Line of Credit (HELOC)

As life changes and your needs shift, use the equity in your home to finance your next goal. Maybe you’re considering a home improvement, a new vehicle or want to consolidate debt. Whatever your project or plans, a home equity line of credit can get you closer to achieving them.

Learn More about home equity lines of credit
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Loans are subject to credit and property approval, bank underwriting guidelines, and may not be available in all states. Other loan programs and pricing may be available. Certain conditions, terms, and restrictions may apply based on the loan program selected. The term of the loan may vary based upon program chosen. Property insurance is required; if the collateral is determined to be in an area having special flood hazards, flood insurance will be required.

Vanessa Reyes
Vanessa Reyes, Community Mortgage Loan Officer, Kenosha, WI

Your Trusted Mortgage Loan Officer

Whether you are buying your first home or moving into a new home, we will be there to guide you every step of the way.

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