For Refinancers

Benefit from your home's equity.

Whether you’re just starting to consider a refinance, or ready to lock in your rate, we’ll walk you through the information you need to know to refinance your home.

When to Refinance:

Usually people refinance to save money, either by obtaining a lower interest rate or by reducing the term of the loan. Refinancing is also a way to convert an adjustable loan to a fixed loan or to consolidate debts. 

The decision to refinance can be difficult, since there are several reasons to refinance. However, if you are looking to save money, try to calculate the break even point. If you own the house longer than this, you will save money by refinancing. Since refinancing is a complex topic, consult a mortgage professional.

Refinance Calculator

Interest Saving Calculator

Refinance Checklist:

The documentation you need to refinance is essentially what you needed to prepare your taxes. The effort required is minimal for the savings over the life of your loan. Here’s a helpful checklist of the documents and information you will need to provide once you have applied for your refinanced mortgage.

  • Proof of income represented by pay stubs for the last two months
  • Copies of your W-2 and last income tax return
  • Copy of your homeowners insurance
  • Copies of any assets like checking, savings and 401K accounts
  • Monthly debt load

As a community bank, BNC Bank is able to make decisions quickly and easily. We live in the market and understand the area. Our local footprint allows us to provide a personal touch to your refinancing efforts. 

If you haven't refinanced in the last several years, it can still be a good time to refinance your mortgage. We'll help determine if it's a worthwhile option for you!

Home Equity Line of Credit (HELOC)

Subordinate to the first mortgage, home equity lines of credit offer the borrower the ability to obtain money for home improvement, debt consolidation, or many other reasons without disturbing their first mortgage. Convenient when you have a low interest first mortgage.

Learn more about HELOC

Refinance Loan

Cash out and no cash out refinance allowable. Single family detached, Condos, PUDs and single-family second homes can be financed with no prepayment penalty.

Benefits of our Refinance Loan:

  • Locked-in competitive rates for the entire term of your new mortgage
  • Selection of shortened or extended repayment schedules
  • Immediate cash from your home equity
  • Potentially lower monthly payments
  • Opportunity to consolidate debt, including high-interest credit cards
  • Pay off your current mortgage faster

Let our Mortgage Consultants tell you more about refinancing options.

Find a Mortgage Consultant

Loans subject to credit approval.