Home Mortgage Refinancing

Is now a good time to refinance your home?

 
Our local home lending team can help you make a strategic, informed decision.
 
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Benefits of Refinancing

 
Refinancing your home can potentially save you money and provide greater financial flexibility.
 
  • Potential to lower your monthly payment
  • Change your interest rate
  • Get cash out for a large expense
  • Pay off higher-interest debt






Run the numbers so you can start planning with our Mortgage Financial Calculators.




Are you looking to purchase a new home or spruce up your current home? Explore our Home Mortgage and Home Equity Line of Credit options.


Why a Community Bank?

 
At BTC Bank, investing locally enables us to support our communities and their unique needs. Unlike large commercial banks, the money you deposit with BTC Bank stays local, growing the economy and creating jobs. Banking with a community bank is like shopping local—it keeps money in the community and helps it thrive.
 

Frequently Asked Questions

Refinancing is a great option if you are confident it will save you money. Be sure to check the terms of your current home loan to see if there is a prepayment penalty. Next, find out what the closing costs would be on your new loan. If you plan to stay in the house for the long-term after you refinance, want to renovate to increase the home’s value, or will save money with a cash-out refinance that allows you to borrow at a lower rate, a mortgage refinance may be a good option for you.
You will go through the same process of applying for a new mortgage and closing on your home loan. The new mortgage will pay off the old one.
The answer will depend on the type of home loan you have now. If you’re looking to do a cash-out refinance, you must have enough equity first.
There are exceptions, but most home loan refinances do require an appraisal of the home’s current value.
















Ready to take the next step?