Refinance Options

Refinancing your mortgage doesn’t have to be a complicated process. Your dedicated Affinity Plus mortgage loan officer will listen, help you determine if refinancing makes sense for your situation, and go through all your options. They’ll be with you every step of the way.

The Affinity Plus difference:

  • Competitive closings costs. And you’ll know early on exactly what they are.
  • No pre-payment penalties. You can make extra payments, or pay off your loan early without fees.
  • Affinity Plus loan servicing. We value that you chose us to borrow from us, and we don’t hand over the servicing of your loan to a third party. We’ll be your partner over the entire repayment period.
  • Our guarantee. We’ll always do what’s right for you.

We offer refinancing for properties in Minnesota, North Dakota and Wisconsin. Choose from fixed-rate or adjustable-rate loans with flexible terms to meet your needs.

Traditional vs. Cash-Out Refinancing

Traditional Refinance

If your goal is to reduce your payments by getting a lower rate, a shorter term, or more manageable monthly payments, then a Traditional Refinance is a good lower-cost option.

Cash-Out Refinance

If your goal is to use the equity in your home and get cash at closing, then a Cash-Out Refinance might be right for you. It replaces your existing mortgage with a new, higher-balance loan whose terms can sometimes be more favorable than your current loan’s. The cash amount you get is the difference between these 2 loans.

Borrow up to 95% of your home's value to maximize the cash-out amount you can access. Use the funds to pay off higher-interest debt or other expenses.

Home Equity Alternatives

Our Home Equity Loan or Home Equity Line of Credit are alternatives to a cash-out refinance that might work for you. Learn more about our Home Equity options.

Title & Closing Services

Through our wholly-owned title company, Affinity Plus Title Company, we provide a streamlined closing process with clear and accurate title services.

Learn about our Title and Closing services