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.

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.

Our Current Rates and Terms*

Start saving for your next with a flexible savings account. Explore our options and find the best fit for you!

Personal Savings Accounts

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

**These payments are based on a $240,000 loan on a $300,000 property in Dane county, WI. If an escrow account is required or requested, your actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums. The values shown assume the loan is for the cash-out refinance of a single family residence that will be used as a primary residence and that the applicant has a credit score of 780 or higher.

***These payments are based on a $175,000 loan on a $300,000 property in Dane county, WI. If an escrow account is required or requested, your actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums. The values shown assume the loan is for the refinance of a single family residence that will be used as a primary residence and that the applicant has a credit score of 780 or higher.

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.