Refinance

Need to save money on your mortgage? Iowa Mortgage Place can refinance your mortgage to lower your interest rate, lower your monthly payment, help you build equity faster and help you pay off high-interest debt.

Deciding to refinance can be difficult. The old rule of thumb said don't refinance your mortgage unless you can lower your interest rate a full percentage point. This is no longer the case. The new rule of thumb should be - "Know Your Goals."

If your goal is to get out of an adjustable mortgage then your interest rate might go up. If saving a little money every month is your goal, a full percentage point might not be necessary. Maybe you need to pay off credit cards and to accomplish your goal your interest rate stays the same. When you refinance your mortgage and it helps you reach your goal then refinancing is right for you.

Your personal mortgage consultant will take the time to understand your goals, provide you specific information regarding your refinance so you have all the information to make the best decision for your situation.

Ready to find out about your refinance?

You can fill out the 3-minute refinance application to start the process right now. A mortgage consultant will be in touch with answers for you shortly.

Doing some research?

Iowa Mortgage Place has lots of refinance tools. Use the mortgage faq to get answers to the most common questions, use one of a dozen different mortgage calculators to find out monthly payments, amortization schedules, tax deductions and more, or you can contact us with your specific questions.