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Refinance

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Refinancing your home can be a great way to increase your cash flow and meet your financial goals. At Iowa State Savings Bank, we can help you change terms, lower monthly payments or reduce your interest rate. If you're like many homeowners, you may discover that you can significantly lower your monthly payments or shorten the term of your loan by refinancing. 

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Traditional Refinance

Agree on new terms and interest rates for the remaining amount of your mortgage. A great opportunity to lower your monthly payment or shorten the term of your mortgage.

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  • Lock in a lower interest rate than your current mortgage
  • Variable-rate or fixed-rate financing - you choose the option that's best for you
  • Variety of terms available

Cash-Out Refinance

A new mortgage plus cash. Refinance your current mortgage, apply for more than you owe on your home and get cash back at closing.

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  • Access cash for large purchases, projects or important life events
  • Lock in a lower interest rate than your current mortgage
  • Variable-rate or fixed-rate financing - you choose the option that's best for you
  • Variety of terms available

Why Refinance?

There are several opportunities available when you choose to refinance your home.

  • Lower your monthly payment
  • Pay off your mortgage sooner
  • Get cash back
  • Build equity in your home faster

Key Considerations

Deciding to refinance your home is a big decision. Here are some key things to consider before refinancing your home.

  • Are interest rates lower than your current rate?
  • Do you plan to own your home for at least the next few years?
  • Has the value of your home gone up and you want to utilize your home's equity?
  • Have you been in your home for just a few years?

If you answered yes to just one of these questions, refinancing might be a great option for you. 

Crunch some numbers: Loan calculator


Meet Our Refinancing Experts 

Once we receive your application, we'll go to work for you. As your partner, we will guide you every step of the way to ensure you can access your home's equity as easily and stress-free as possible.

Meet our team

Contact us to learn more. 


Additional Resources:

Mortgage Calculators

Mortgage Checklist

Apply Online

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