Make the most of your mortgage.


Whether you’d like to lower your interest rate or monthly payment, change your loan term, get into a different type of loan or access your home’s equity, we can help.

Choose the mortgage loan that’s best for you.

Each loan type has different benefits depending on your financial goals.

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Fixed-rate mortgage

  • Monthly payments of principal and interest stay the same throughout the life of the loan making it easier to budget.
  • Interest rate is locked in and will not fluctuate.

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Adjustable-rate mortgage (ARM)

  • Monthly payments and interest rate can vary after the initial fixed-rate period
  • Typically has a lower initial interest rate and monthly payment than a fixed-rate loan with a comparable term.
  • We offer ARM loans with fixed-rate periods or 3, 5 or 7 years

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Cash-out refinance

  • Access the available equity in your home.
  • Pays off and replaces your existing mortgage with a new, higher balance loan giving you access to the additional money you borrowed using your home as collateral.

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Home Equity Loan or Line of Credit (HELOC)

  • A home equity loan or line of credit is a second mortgage in addition to your first.
    • A home equity loan allows you to access the equity in your home through a loan with a fixed term and fixed monthly payments of principal and interest.
    • A home equity line of credit (HELOC) allows you to access the equity in your home through a revolving line of credit which can be drawn on and repaid throughout the life of the loan. HELOC rates can vary based on increase or decreases in the U.S. Prime Rate.

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What costs are involved with a refinance?

Closing costs for a refinance typically include title policy, credit report, origination fees and document recording fees. Cost of an appraisal may also be included if one is needed.

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How long does the loan process take?

The refinance process at Wolf River Community Bank typically takes 30-45 days, but can vary depending on the timing of the home appraisal.

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How can I get extra money at closing to pay off other debts?

A cash out refinance allows you to take available equity from your home to pay off other debt or use it for home improvements. You may finance up to 80% of your home’s value.

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Does my credit score affect the interest rate on my loan?

Yes, interest rates can vary depending on the applicant’s credit score. A credit score of 740 or above puts you in the best rate position.

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Do I need a home appraisal to refinance my loan?

An appraisal may be required depending on the loan program you choose and if you are planning to take cash out using the equity in your home.

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Home Equity Loan vs. Home Equity Line of Credit (HELOC) – what should I choose?

A home equity loan gives you a set loan amount based on your home’s available equity. The loan has a locked-in rate and a set payment term and amount.  Once the loan is paid in full, the mortgage is released.

A home equity line of credit gives you a revolving credit line using your home’s equity. A HELOC has a variable rate and monthly payments are based on the balance of the line of credit.  You are able to re-borrow funds as you pay the principal balance down.  The line of credit can remain open even after you have paid your balance in full.


Contact a lender today to learn more about refinancing!

Bill Kedinger

Bill Kedinger


Meet Bill

Karen Duch

Karen Duch

Vice President -

Lending Officer

Meet Karen

Jenni Badtke

Jenni Badtke


Meet Jenni

Eric Hopfensperger

Eric Hopfensperger

Assistant Vice President - Mortgage Lending

Meet Eric

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