Mortgage Refinance


There are a lot of reasons to consider refinancing—especially if the interest rate is lower than what you’re currently paying.

Reasons to refinance:

    • Lower your monthly payments
      Refinancing a mortgage can help you lower your monthly payments by extending the life of the loan. This may allow you to have some extra money each month by spreading out those payments.
    • Convert an adjustable-rate mortgage to a fixed-rate mortgage
      Homeowners that secured an adjustable-rate mortgage may find their rate increasing after the introductory period is over. Refinancing into a predictable fixed-rate mortgage will guarantee the rate of the loan remains steady.
    • Get cash for home improvements
      If you need to replace your roof or want to make home improvements, you can obtain a cash-out refinance. This allows you to access the equity you’ve built up in your home and receive a check at closing. Your new mortgage will be your current balance plus the additional amount you borrowed.
    • Switch to a mortgage with flexible repayment options
      Perhaps your first mortgage came with repayment terms that no longer work for you (interest-only payments, restrictions against early payments, or a balloon payment). If you want to switch to an adjustable-rate or fixed-rate home mortgage, you can easily refinance into one.
    • Save money on interest over the long term
      If you experience an increase in income or finished paying off debt, you may have more cash at your disposal. You may want to use this cash to refinance your home mortgage into a shorter term. You’ll have higher payments, but you can own your home faster, and in the long run, save money as you’ll pay less interest.


For more information, contact us at 406-294-7207 or
or visit us at our downtown Billings location at 1320 Division Street, Billings, MT 59101.


Need assistance or would you like to know what information you will need before applying? Click here to contact us.

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Division Mortgage Group

(406) 294-7207
1320 Division Street
Billings, MT 59101

NMLS #140614: Montana, Wyoming, North Dakota