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Mortgage Refinancing

If you are looking for a lower monthly payment or want to tap into your home’s equity for improvements, refinancing could be a smart choice for you.

Flexible Financing
Access to Home Equity
Can Shorten Loan Term
Can Lower Your Monthly Payment
Experienced, Local Mortgage Advisors

Why refinance* your mortgage loan with Park Bank?

The key to financial success can often come down to the knowledge, experience, and ability of the team of advisors you surround yourself with. If you want to lower your cost, pay your home off more quickly, or use your home’s equity to consolidate higher cost debt, you want to have a team on your side that can help you develop a refinancing strategy that will help you achieve that goal.

What is a Cash-Out Refinance?

With a Cash-Out refinance, using the equity in your home, you can replace your existing home loan with a new, larger loan, and receive the difference in cash at the time the new loan funds.

A Cash-Out refinance is a great way to consolidate debt, pay for home improvements, or simply to access extra money.
A Cash-Out refinance is a great way to consolidate debt, pay for home improvements, or simply to access extra money.

What’s the benefit of a Rate and Term Refinance?

Your monthly payment and interest rate remain constant for the life of the loan so your rate will not be impacted by market fluctuations. It may be useful if you plan on staying in your home for an extended length of time and prefer having the stability of knowing your payment will stay the same throughout the life of the loan.

 



Explore smart financial resources to empower your home buying journey!

Mortgage Calculator
Refinance Calculator
Worried about having enough down payment for a new home? We have options!
Start saving for your next with a flexible savings account. Explore our options and find the best fit for you!

*Rates and fees are subject to change without notice.  Loans are subject to credit approval and property approval.

Loan terms and conditions may vary based on the loan product and program.  Adequate property insurance is required. If collateral is in a Special Flood Hazard Area, adequate flood insurance is required.