Protect yourself from fraud: We will never ask for your password, PIN, or one-time passcode. If something seems suspicious, contact Horizon Bank directly.
Skip to the main content.
Checking
Savings
Buy a Home or Refinance
Get Cash From Your Home
Purchase a Car, RV, or Boat
Borrow Money
Wealth Services
Account Access
Tools and Calculators
Resources
FAQ
Security
Mortgage refinancing
Refinance Your Home with Confidence
Horizon Bank helps homeowners in Indiana and Michigan explore refinancing options with guidance from local mortgage experts.
- Mortgage Loans
- Refinance
We Are Here To Help You Every Step Of The Way
Apply for a Mortgage Refinance
Complete your application online and work with our mortgage team to explore refinancing options that align with your financial goals.
Check Mortgage Rates
Explore our competitive rates and see what fits your budget and your next move.
Find a Home Loan Advisor
Connect with a local advisor who can answer your questions and help you find the right refinance option for you.
why homeowners refinance
Could Refinancing Help You Reach Your Financial Goals?
Refinancing can help you lower payments, reduce interest, shorten your loan term, or access home equity based on your financial goals.
Common Reasons Homeowners Refinance
- Lower monthly mortgage payments
- Reduce interest costs over time
- Eliminate Private Mortgage Insurance (PMI)
- Consolidate higher-interest debt
- Move from a longer term to a shorter term
- Access cash from home equity
- Fund home improvements or major expenses
Reasons to Refinance
Lower Monthly Payments
Potentially reduce your monthly mortgage obligation by securing a new loan structure.
Eliminate PMI
Homeowners with sufficient equity may be able to remove private mortgage insurance requirements.
Save on Interest
A lower interest rate may decrease the total amount paid over the life of your loan.
Consolidate Debt
Use refinancing to combine higher-interest debt into one manageable mortgage payment.
Shorten Your Loan Term
Move into a shorter-term mortgage and potentially pay off your home sooner.
Access Home Equity
Cash-out refinancing can provide funds for renovations, education expenses, or other major financial goals.
Work with a Mortgage Expert to Explore Your Options
Refinancing is more than comparing rates. Horizon Bank mortgage advisors take the time to understand your financial goals, current loan structure, and long-term plans before recommending a solution.
Whether you're considering a rate-and-term refinance or a cash-out refinance, we'll help you understand the potential benefits and determine if refinancing aligns with your objectives.
Get Started with Your Refinance Journey
Plan Your Refinance
Check Current Mortgage Rates
Review current mortgage rate options and estimate potential savings opportunities.
See What's Possible
Calculate Your Potential Savings
Use a refinance calculator to compare your current mortgage with potential refinance scenarios and estimate monthly payment savings.
Mortgage Refinance FAQs
-
When should I refinance my mortgage?
Refinancing may make sense when you can lower your interest rate, reduce monthly payments, eliminate PMI, shorten your loan term, or access home equity.
-
What is a cash-out refinance?
A cash-out refinance allows you to replace your existing mortgage with a larger loan and receive the difference in cash, using the equity you've built in your home.
-
Can refinancing help eliminate PMI?
In some cases, homeowners who have built sufficient equity may be able to refinance and remove private mortgage insurance.
-
Will refinancing lower my monthly payment?
It may, depending on factors such as interest rate, loan term, and loan amount.
-
How do I know if refinancing is right for me?
A Horizon Bank Home Loan Advisor can review your goals, loan details, and financial situation to help determine whether refinancing is beneficial.