Refinancing Options


When the opportunity arises for you to look at new term and interest rate options on your existing loans, you should do it. Refinancing is a great way to be smart with your debt and manage investments wisely, but it’s important to act with all the available knowledge. With our years of experience, insight into the economic client, and understanding of your credit circumstances, we can easily guide you to a decision that’s in your best interests.

When to Refinance

Refinancing is a double-edged sword, and the danger lies in ignorance. Without the right information, you could be hurting yourself more than helping. But when done correctly, refinancing can help you lower your monthly payments and save money on interest. It all starts with accurate insight into your credit situation.

We recommend you meet the following criteria before looking into refinancing:

  • You’re current on your loan payments.
  • You’ve made all payments on time for at least six months. This also makes you eligible for the Home Affordable Refinance Program.
  • You have a high interest rate or an adjustable rate mortgage.
  • You have built-up equity.

Next Steps

Once we’ve looked at your finances together, we’ll help you get in a new mortgage that better fits your needs. This involves a credit check, loan application process, and finally, a closing on your new loan.

Consolidating Debt

If you find yourself paying high monthly interest rates on different sources of debt and needing some extra cash flow, you may be a good candidate for a debt consolidation mortgage. This is only a good idea in specific circumstances, which we’ll help you navigate.


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

About Us

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Division Mortgage Group

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

NMLS #140614: Montana, Wyoming, North Dakota