South Dakota Mortgage Refinance

The decision to refinance a home mortgage can involve many factors. You might want to take cash out of your home when you refinance to use for other purposes. But the most common purpose is to obtain a lower interest rate and lower monthly payments. In the latter case, the decision to refinance should be based on lowering the overall mortgage costs and breaking even on the refinance in a reasonable period of time.

In-House Options

Whether you’re looking to purchase or refinance, we have adjustable and fixed-rate options with terms from 5 to 30 years. We’re proud to provide local decisions and personalized service. Our mortgage experts work hard to take the stress out of home buying by underwriting, processing, originating, and servicing your mortgage right here. 

Reasons to Refinance

Take Cash Out

  • With a cash-out refinance, you refinance for a higher loan amount than what you owe and pocket the difference. Any proceeds you receive are tax-free.
  • Pay off high-interest credit card debt and student loan debt.
  • Finance home improvements, education or whatever you need. Since mortgage interest rates are typically lower than interest rates on other debts.

Get a Lower Mortgage Payment

  • A lower mortgage payment means more room in your budget for other things. There are a few ways you can lower your payment by refinancing.
  • You may be able to refinance at a lower rate. Rates may be lower than they were when you bought your home.
  • You can get a lower payment by changing your mortgage term. Lengthening your term stretches out your payments over more years, which makes each payment smaller.

Consolidate Debt by Refinancing Your Mortgage

  • Refinance with some of the lowest rates in decades, and get cash to pay off your high-interest debt. Don’t wait, these low rates won’t last forever!
  • Make one low monthly payment instead of several, and pay less overall every month. Unlike credit card interest, the interest on your mortgage is usually tax-deductible.
  • Even if you have less-than-perfect credit, we can help. Paying off your higher-interest debts faster can improve your credit rating.

Shorten Your Mortgage Term

  • Shortening your mortgage term is a great way to save money on interest. Often, shortening your term means you'll receive a better interest rate.
  • A better interest rate and fewer years of payments.
  • Less of your payment will go toward interest, and more of it will go toward paying down your loan balance.
Eric Anderson
Eric Anderson
Mortgage Loan Originator
Sioux Falls
Call ot Text 605.937.4512
MLO# 400265
Candice Menke
Candice Menke
Mortgage Loan Originator
Sioux Falls
Call or Text 605.937.4517
MLO# 102874
Christy Cline
Christy Cline
Mortgage Loan Originator
Rapid City
Call or Text 605.858.6294
MLO# 472626
Johanna Del Soldato
Johanna Del Soldato
Mortgage Loan Originator
Rapid City
Call or Text 605.858.6164
MLO# 944366
Amber Zandstra
Amber Zandstra
Mortgage Loan Originator
Spearfish
Call or Text 605.858.6178
MLO# 827991
Bobbi Welch
Bobbi Welch
Mortgage Loan Originator
Rapid City
Call or Text 605.858.6042
MLO# 835565
Aaron Renville
Aaron Renville
Mortgage Loan Originator
Rapid City
Call or Text 605.858.6020
MLO# 1080128
Joe Prince
Joe Prince
Mortgage Loan Officer
Rapid City
Call or Text 605.858.6146
MLO# 963765