Make your mortgage work for today—and for tomorrow.

Home refinancing

Refinancing isn’t just about getting a new loan — it’s about using your home and your equity to match your goals. Whether you want lower payments, a shorter term, cash for improvements, or a switch from adjustable to fixed, we can help you choose the path that fits.
 

Refinance options at a glance

Here are the common ways homeowners refinance — we’ll help you review what’s right for your situation:








Rate-and-Term Refinance

Swap your current mortgage for one with better terms — either a lower interest rate, a shorter term, or both.

Benefits:
  • Lower your interest rate and save over the life of the loan
  • Reduce monthly payments or free up cash flow
  • Move from an adjustable-rate to a fixed-rate mortgage for more predictability

Cash-Out Refinance

Refinance your mortgage for more than you owe and take the difference in cash to use now.

Benefits:
  • Tap into your home equity for home improvements, debt consolidation, or higher education
  • Keep one streamlined loan instead of juggling multiple debts
  • Potential to rebuild equity faster if you use the cash strategically










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How the refinance process works

  1.  Meet with a Think Bank mortgage advisor to discuss your goals (lower rate, shorter term, cash-out, etc.)
  2.  We help you evaluate whether refinancing makes sense — considering closing costs, how long you’ll stay in the home, and break-even timeline
  3.  Choose the loan type, submit your refinance application, and lock your rate
  4.  Process the underwriting, appraisal (if required), and closing — then enjoy your new mortgage aligned with your goals

Frequently asked questions


Refinancing can help you:
  • Take advantage of better interest rates
  • Pay off your home sooner
  • Lower monthly payments
  • Pull cash for home improvements, education, or other goals
Our mortgage advisors can help you review your goals and run side-by-side scenarios based on your rate, remaining term, and equity. They’ll show you how long it takes to break even on costs and whether refinancing makes financial sense for your situation. 
Yes. Many people refinance from an ARM to a fixed-rate loan to gain stability and avoid future payment increases. 
Yes — you will pay closing costs, and if you extend your loan term you may pay more interest overall even if your monthly payment decreases.  

















Ready to explore your options?

Let’s evaluate whether refinancing makes sense for your goals.
 
Call 1-800-288-3425 ext. 2507 or schedule an appointment with a Think Bank mortgage advisor today.

 
 

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Home financing is available to existing customers, or new customers who live or work in Minnesota, for primary residences located in AZ, FL, IL, IN, IA, KS, MN, MO, NE, ND, SD & WI.
 
Financing for investment properties is available to existing customers, or new customers who live or work in Minnesota, for properties located in the following southeastern Minnesota counties: Olmsted, Dodge, Mower, Fillmore, Winona, Wabasha, Goodhue, Hennepin, Carver, Scott, Dakota, Ramsey, Washington and Anoka.