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Personal Banking / Home Lending / Home Refinance
Achieve financial flexibility when you refinance.

Refinance Your Home Mortgage

When working with our team at Nicolet National Bank, you will benefit from the assistance of our personal loan officer who will work with you on your refinancing goals and match you with the mortgage program that best aligns with your personal situation. We offer low fees and competitive interest rates for our customers to ensure that you save money when refinancing your home mortgage loan.

 

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house exterior refinancing

Why should you refinance your mortgage?

If the value of your home has increased or if you can lower your interest rate, it might be a good time to start thinking about refinancing your home. By refinancing, you can tap into your available equity to fund home improvement projects, consolidate high-interest debt or lower your monthly payment. Refinancing can allow you to convert the type of loan you already have (i.e. from an adjustable-rate mortgage to a fixed-rate mortgage), shorten the term of your loan, or get a lower interest rate. If you’re looking to save money in the long term, you should consider refinancing your home.

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When is it time to refinance your home?

The best time to refinance is when interest rates drop or the value of your home rises. When mortgage rates fall or the market value of your home has gone up, you can take advantage and either lower your monthly payments or shorten your repayment term. You can also refinance to use the increased equity in your home to pay off high-interest debts or finance a big purchase like tuition or a wedding. When considering refinancing, keep in mind that it is best to refinance in the earlier years of living in your home as that’s when most of your mortgage payments will be primarily going towards interest.