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Refinance

Mortgage rates have dropped.

Refinancing can help you save money each month and cut the total amount that goes towards interest payments if you consider a lesser term. Our online application makes refinancing your home loan easy to get started. No obligation. View Rates >

Why Refinance?

We can help guide you on whether a refi is right for your situation.
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Rate-and-term refinancing to
save money.
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Cash-out refi to remodel or retire other debt.
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Lower monthly payments add cash flow for bills and groceries.

The following are the two major types of refinances:

  1. Rate-and-term refinancing to save money. The majority of homeowners refinance the rest of the balance on their mortgage for a lower interest rate and an affordable loan term. (The loan term is the number of years it will take to repay the loan such as 15 years or 30 years.)
  2. Cash-out refinancing where you obtain a new mortgage for more than what you owe. The difference is often used to pay for renovations or to retire credit card debt.
Other reasons consumers refinance include to replace an adjustable-rate mortgage with a fixed-rate loan, eliminate FHA mortgage insurance or to settle a divorce.
Some consumers refinance to lower their monthly payment and have more money each month for bills, groceries or an auto loan.
If you are unsure if a mortgage refinance is right for your situation, we can help. Tracy Schaul (NMLS #746726) is your local, experienced lender who will help guide you from the beginning to the end. If it turns out it's not in your best interest to refinance, she'll tell you that.
 

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Give Tracy a call or apply online today:

Tracy E. Schaul (NMLS #746726)
Vice President Mortgage Lending
563.588.1000


 

Get the app started online.

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