Home Refinancing

Unlock savings and financial flexibility through Midwest Bank’s home refinancing. Lower rates, consolidate debt, or access equity. Experience improved finances with our tailored refinancing solutions.

Refinancing your home offers several compelling advantages. By securing a lower interest rate, you can significantly decrease your monthly payments and save money over time. It’s an opportunity to consolidate high-interest debts into a single, more manageable payment. Additionally, you can tap into your home’s equity to fund important projects, education, or emergencies. Ultimately, home refinancing provides financial flexibility and potential long-term savings.

Refinancing Benefits

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Better interest rate

Better interest rates lead to reduced payments, increased savings, and quicker debt payoff, enhancing financial stability and future opportunities.

Lower monthly payments

Lower monthly payments provide financial relief, boost disposable income, and improve budgeting, enabling greater savings and a more comfortable lifestyle.

Pay it off sooner

Paying off loans sooner minimizes interest costs, relieves debt stress, and accelerates financial freedom, allowing investments and savings to grow faster.

Use your home’s equity

Using home equity offers access to funds for renovations, education, or emergencies, potentially at lower interest rates, enhancing financial flexibility and value.

close up of Karla Kuhlman, Vice President and Manager of Mortgage Lending from Creighton

Advantages of Working with Us

Working with Midwest Bank offers fast, easy pre-qualifications, responsive local service and decisions, and loans customized to fit you and your needs.

Frequently Asked Questions

Should I refinance my home?

Whether or not you should refinance your home is a decision that depends on your individual financial situation and goals. Some factors you should consider are:

  • Interest rates
  • Monthly payment
  • Financial goals
  • Equity
  • Loan type
  • Closing costs
  • Break-even period
  • Credit score
  • Future plans

All of our mortgage experts are here to help you with this decision. We’ll sit down and discuss each of these factors with you and help you find the best solution for your needs. Contact your local branch today to meet with a lender.

What are the benefits of refinancing my home?

Refinancing your home can offer several potential benefits, depending on your financial goals and current circumstances. Here are some of the key advantages of refinancing:

  • Lower monthly payments
  • Interest savings
  • Shortened loan terms
  • Debt consolidation
  • Switching loan types
  • Improve credit score
  • Home equity access
  • Lower your overall debt loan
  • Align your financial goals
  • Simplify finances

Sit down with a Midwest Bank lender today to discuss your refinancing options. We’ll discuss the costs and benefits with you and help you to find the right solution for you and your family.

What can I use the equity in my home for?

Your home equity can be a valuable financial resource that you can use for a lot of different purposes. Some common uses include:

  • Home improvements
  • Debt consolidation
  • Education expenses
  • Emergency funds
  • Investment opportunities
  • Retirement planning
  • Vacation or travel
  • Major purchases
  • Medical expenses
  • Wedding expenses

Contact a Midwest Bank lender today to discuss the uses of home equity, the benefits and the risks, current interest rates, and we’ll help answer your questions and guide you through the process.

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Home Equity Line of Credit

Use your home’s equity to help you tackle an improvement project or finance a major purchase. Leverage the equity you’ve built in your home to help accomplish home improvement projects, pay for education expenses, or use it towards other large purchases.

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Personal & Auto Loans

With nearly 100 years of combined experience, our Midwest Bank loan professionals are ready to help you reach your goals. Whether you’re buying a new car, consolidating your debt, or paying for your child’s education, we are here to help you.

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