Skip to Main Content

Your Starion community is Bismarck. Change?

Refinancing

When interest rates have dropped substantially since the last time you financed your home and you intend to stay for several more years, refinancing can be a good option to consider. Refinancing is used to:

  • Lower your monthly payment
  • Reduce your interest rate
  • Pay off your mortgage sooner
  • Convert to a fixed-rate mortgage
  • Pay for a major purchase or expense

To refinance, you will need a good credit score and at least 20% equity in your home.

Use our mortgage calculator to see if refinancing is a good option for you.

Cash-out refinance

A cash-out refinance pays off your current mortgage and uses your home equity to provide additional money for other uses. To decide if cash-out refinancing is right for you, first weigh the benefit of how you’ll use the money against the amount of time it takes to pay off the loan. Here are some considerations:

  • Are interest rates lower than your current financing?
  • How much cash do you need?
  • What’s the monthly payment amount?
  • What’s the effect on your taxes?
  • What’s the total cost of borrowing?
  • What’s your break-even point?

Simplifying the process

To make the process of refinancing even easier, we are making it possible for you to sign documents electronically! if you haven't met with a banker yet, you can get started by filling out our online application.

Articles

ArticleName

It can pay to buy

June is homeownership month and there are so many reasons to consid... Read More
ArticleName

Evaluating a home's foundation

As years pass, a home’s foundation is likely to shift. While ... Read More
ArticleName

Tap into your home’s equity

If your home is worth more than you owe on it, its equity can secur... Read More

Need Help?

We're here to help.

Do you need help choosing an account or applying for a loan?
Contact your Starion Personal Banker today.

Have another question? Chat with us.

Our Customer Service Team is available to chat when the “Start Chat” button appears below. Click to begin a chat. If a "Chat Closed," button appears you can leave us a message and we’ll be back to you.

Start Chat

Contact Us

1.888.258.6050

- or -

Find a local branch.