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, Michigan, Tennessee or Wisconsin.

See What Our Clients Are Saying About Us!

christine toczek
christine toczek
21:28 18 Mar 24
Dan and Luda were efficient and communicative regarding our new purchase transaction.Thank you always for your help!
Casandra Bennett
Casandra Bennett
02:40 14 Mar 24
Leeza Bodnar
Leeza Bodnar
18:09 09 Jan 24
My experience with MidAmerican Bancorp, Inc. was nothing but amazing! My mom and I worked with Daniel and his team to close my condo in Oak Forest and everything went smoothly. I highly recommend working with MidAmerica and Daniel for any of your real estate transactions!
Arthur Jazowski
Arthur Jazowski
17:08 22 Nov 23
Rich and his team were outstanding to work with. The communication was flawless. All questions were answered and they made the process as smooth as possible. I would recommend this teams services to anyone.
Klaudia Laskowski
Klaudia Laskowski
02:31 21 Nov 23
I highly recommend Darek Atczylo. He is very knowledgeable, efficient and reliable. Darek answered all of my questions and took the time in explaining everything. Thank you again Darek for all your hard work!
Beata Bobek
Beata Bobek
15:08 11 Oct 23
They arranged the loan very professionally and quickly and made my dreams come true. Truly recommendable.
Teddy Williams
Teddy Williams
17:40 23 Aug 23
The team that worked with us was great and very knowledgeable about every aspect of the loan process
Sthanu Ramakrishnan
Sthanu Ramakrishnan
04:44 15 Aug 23
Joanna
Joanna
18:33 07 Aug 23
Kamila Lenart
Kamila Lenart
17:22 31 Jul 23
Another great experience working with Daniel. This is our 3rd time working with him.Thank you for all your help.
dagmara hatlas
dagmara hatlas
00:10 29 Jul 23
Richard Pikula and his team are amazing and make the process of getting a house loan smooth, fast and easy!! Great service and amazing support, I recommend them 100%
Joanna Lowisz
Joanna Lowisz
00:16 27 Jul 23
Daniel and his team are amazing! Quick and easy closing.Daniel answered all my silly questions. First time buyer here! Will be back in the future :)
Jennifer Smith
Jennifer Smith
16:38 22 Jul 23
A W
A W
19:52 21 Jul 23
Margaret is very knowledgeable and helpful person. It was a fantastic experience working with her. She went above and beyond to help my American dream to come true.
Nina Brunhoefer
Nina Brunhoefer
16:35 21 Jul 23
kinga kras
kinga kras
16:01 21 Mar 23
Professional and reliable agency, fully communicative employees, I recommend MidAmerica Bancorp Inc with a score of 10/10
Aneta Cz
Aneta Cz
18:36 07 Mar 23
Recently I had the pleasure of working with the wonderful and highly professional team at MidAmerican Bancorp,Inc. I can honestly say it was the best experience I’ve had when purchasing a home because the team was working with high accuracy and managed to be on top of my loan. I highly recommend MidAmerica Bancorp to anyone who is looking for a sold loan without worry and headache.
Kayla Doody
Kayla Doody
01:35 26 Feb 23
Karol Marcinowski
Karol Marcinowski
16:37 14 Feb 23
Great service, great support, very responsive team. We will definitely be using MidAmerica for our next purchase. Thank you!
Lukasz Kosor
Lukasz Kosor
02:29 29 Dec 22
Best place in whole MidwestThank you for everything and look forward to future transactions
Joanna Horbal
Joanna Horbal
05:07 16 Dec 22
Greg Mucha
Greg Mucha
16:50 15 Dec 22
Rich and his team have always outperformed the competition.
Anna Budz
Anna Budz
21:27 09 Dec 22
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
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