Refinancing Your Home

Refi with UBT and you could win!

When you purchase or refinance a home with UBT, you’ll be entered for a chance to win $6,000 you could put toward your mortgage payments.**

House Illustration

Enter & You Could Win

Get a home loan from UBT and you could win $6,000

Looking to buy or refinance a home? Do it with help from Union Bank’s team of home loan experts, and you’ll be entered for a chance to win $6,000 you could put toward your mortgage payments** — so you can spend your money on something more fun.

What can refinancing do for you?

Get a better interest rate

Rates are still near historic lows, so if you’re carrying a rate of 4.75% or higher, now may be a great time to refinance.

Lower monthly payments

A lower rate or longer term may help lower your monthly payment.

Pay it off sooner

If you have a 30-year home loan, refinancing to a 15-year mortgage might be a good choice. You’ll pay it off sooner and pay less in interest. 

Use your home’s equity

With a cash-out refinance, you can tap your home’s equity to get funds for whatever you choose. This is also a good option for consolidating debt. 

90% Cash-Out Refi

Get more out of your home’s equity

You may qualify for a cash-out refinance for up to 90% of your equity – most banks will only lend to 80% - and at a competitive rate. For example, suppose your home is worth $250,000, and you currently owe $100,000 on your mortgage. With a 90% cash-out refi, you could finance a new mortgage in the amount of $225,000 (or 90% of your home's value) and get $125,000 of it in cash. 

What can an extra 10% do for you?

Woman on couch looking at device
Couple working together on crunching the numbers

Should I refinance my home loan?

When interest rates drop, it's tempting to refinance your mortgage loan. But is it the right choice for you? Our refinancing calculator is designed to help you start that conversation by taking into account refinancing costs, current interest rates, and how long you plan to stay in your home.

**NO PURCHASE NECESSARY. Void where prohibited. Applicants that close a secondary market, owner-occupied, primary-dwelling secured home purchase or refinance loan in Nebraska or Kansas between Tuesday, October 1, 2019, at 12:00 a.m. Central Time and Wednesday, January 15, 2020, at 11:59 p.m. Central Time (the “Promotion Period”) will be automatically entered in the contest. You may also participate in the Drawing by completing the form at the following link www.ubt.com/personal_banking/home_loan_drawing/6000_dollar_giveaway_011520 during the Promotion Period. You must be at least 18 years of age and a resident of the 50 United States or the District of Columbia at time of entry. Residents of the state of Maine are not eligible to participate. YOU MUST NOT BE PROHIBITED BY FEDERAL OR STATE LAW FROM ENTERING THIS DRAWING OR FROM WINNING THE PRIZE. You may enter only once. You need not be present to win. You may win only once. One winner will receive $6,000 (which may be used to make mortgage payments) and may choose a cashier’s check OR direct deposit into their Union Bank checking account. Odds of winning depend on the number of entries received. Official rules available. Member FDIC.

Loan products subject to credit approval.

EHL logo