Mortgage Refinance in Chicago

Are you still happy with your current interest rate? What about the terms that govern your mortgage?

If your mortgage could be serving you better, MidAmerica Bancorp, Inc. can help you refinance to a product that better meets your needs.

Experience the Benefits of Refinancing in IL

If you refinance your mortgage, you might be able to look forward to some of these benefits:

  • A lower mortgage rate.
  • Additional time to pay off your loan (or less, if you prefer).
  • No more mortgage insurance requirement.
  • The chance to switch between an adjustable and fixed mortgage rate or the other way around.
  • Renegotiated loan terms.

The exact benefits you qualify for will depend on your individual refinancing scenario.

Is This the Time For You to Refinance?

There are a number of different situations where a mortgage refinance might be in order. For example:


When you could qualify for a lower interest rate. There is no reason to continue to pay a higher interest rate than you need to. The sooner you refinance to a more affordable rate, the more money you will save.

When you plan to move in a few years. If you were going to live in your home for decades originally, but now plan to move within the next several years, it could be a good idea too switch from a fixed rate to an adjustable rate on your mortgage. By doing so, you have an opportunity to save during the introductory rate period.

When your income has decreased. If you are not making as much money as you did when you first took out your loan or if your other expenses have increased, refinancing to a longer loan term can reduce the amount of money you need to pay on your mortgage every month.

When your equity has grown. Do you pay for mortgage insurance? If your equity in your home has increased, you might now qualify for a mortgage with no insurance requirement. That can add up to saving quite a lot of money over the months and years to come.

When you need to consolidate. Have high-interest debts that you need to consolidate? You can make them more affordable and easier to manage by consolidating them into your refinanced mortgage.

When you need more financial stability. Refinancing can increase financial stability in multiple ways. Some of these, we have already discussed. But another could be by helping you lock in a low, fixed interest rate if you currently have an adjustable rate. Some homeowners also like to do this for added peace of mind.

When your qualifications have improved. Since becoming a homeowner, your borrower qualifications may have significantly improved as your financial means have increased. If that is the case, it may be worth revisiting your current mortgage and checking whether you might qualify for something more competitive through a refinance.

Refinance Your Home in Illinois Now

You deserve to pay the most competitive mortgage rate and to enjoy the best terms you qualify for. To refinance now, please give us a call at (708) 237-4050 to schedule your free consultation. We work with homeowners in Chicago, throughout Illinois, Indiana, Florida and Wisconsin.

See What Our Clients Are Saying About Us!

Maria Micek
Maria Micek
03:11 01 Dec 22
Lou Gmiterek
Lou Gmiterek
18:45 29 Nov 22
Margaret Kopalka is a great agent, very profecional, very helpfull and somone you can count on. Quick to respond and gives the right advice.
Dominika Maj
Dominika Maj
03:55 10 Nov 22
I can’t recommend Richard Pikula and his team enough. They made the entire process easy, stress free and enjoyable. Richard and Iwona delivered a very fast closing date, we’re on top of everything, and communicated every step of the way. Thank you for everything and look forward to future transactions !
Oseas Ramos
Oseas Ramos
16:02 03 Nov 22
Kathy Kos
Kathy Kos
16:26 06 Oct 22
My recent purchase transaction experience with Richard Pikula and his team was excellent! They are a great team. Very professional, focus on important items, try to keep the process as easy as possible. This is my 3rd time using this team and I would strongly recommend them to anyone.
Saleem Tahir
Saleem Tahir
17:21 29 Sep 22
Both Richard and his team was wonderful to work with. Especially, Iwona was just awesome. She made me aware of every step of the process. Overall, had a great experience.
MARCIN KROZEL
MARCIN KROZEL
19:39 06 Sep 22
I was working with Darek Atczylo. Best experience ever. Smooth and excellent process.Thank you Darek
RAFAELLO CHOWA
RAFAELLO CHOWA
17:55 27 Jul 22
My loan officer was Darek Atczylo and he made the loan process very smooth and easy. Best experience ever. Thank you Darek for all your hard work !
Gintas Urbonas
Gintas Urbonas
20:18 18 Jul 22
Agnieszka Koterba
Agnieszka Koterba
20:01 18 Jul 22
Bob Zenawick
Bob Zenawick
21:18 17 Jun 22
kamil_ss_1le
kamil_ss_1le
20:07 08 Jun 22
Dean rademacher
Dean rademacher
18:30 05 Jun 22
Chris was on top of the process the entire way. Made the whole process effortless , even when the underwriter kept asking for more and more documentation. Always replied back within minutes when message was left.
wojciech szymaszek
wojciech szymaszek
13:53 16 May 22
Mateusz Cichowicz
Mateusz Cichowicz
21:12 16 Mar 22
Jolanta was amazing! Very professional and helpful.
Artur Soltys
Artur Soltys
17:04 11 Mar 22
Hailey Lindsay
Hailey Lindsay
16:56 27 Jan 22
They did absolutely amazing I wouldn’t have been able to get my house if it wasn’t for them. I will forever be thankful for this amazing team!!
Ursula Marszalik
Ursula Marszalik
19:24 04 Jan 22
Rich Kiel
Rich Kiel
15:40 04 Jan 22
I have worked with MidAmerica Bancorp for many years now. However, this time the people at MidAmerica Bancorp made my refinancing one of the MOST Smoothest and Pain Free process that I have ever experienced. Everything was so extremely automated. The title company even came to my house for the final closing. I never once had to leave my house. I would recommend MidAmerica Bancorp to everyone.
barbara graca
barbara graca
02:03 25 Nov 21
Michelle Wojtowicz
Michelle Wojtowicz
01:46 20 Nov 21
Dan was Super helpful and answered all my questions and I had a million! Would totally recommend working with him.
Aneta Marek
Aneta Marek
04:03 19 Nov 21
CC Restore
CC Restore
02:21 18 Nov 21
Darek is the best in what he does. Highly recommended
Zdzislaw Oleksy
Zdzislaw Oleksy
00:46 18 Nov 21
Peter Zywek
Peter Zywek
20:44 17 Nov 21
Mariusz Zeman
Mariusz Zeman
18:34 12 Nov 21
Grzegorz Kroch
Grzegorz Kroch
02:23 11 Nov 21
Fast and very competent service. Great at what they do. Will definitely use their service when in need. Greatly recommended.Szybka i bardzo kompetentna obsługa. Wspaniali w tym czym się zajmują. Z całą pewnością wybiorę ich usługi w przyszłości. Serdecznie polecam.
Paul Gala
Paul Gala
16:46 10 Nov 21
Pawel Fonfara
Pawel Fonfara
01:04 16 Sep 21
Darek is a man with lots of knowledge, he is very patient and likes to work with people. I just closed my third deal with him.
EB
EB
19:35 19 Aug 21
Rich is amazing. His team goes above and beyond to get your deal closed.
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