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Waconia, MN Mortgage Refinance in Minnesota

We make it easy to get the lowest mortgage refinance interest rate in Waconia, MN.

Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Waconia, MN residents can be on the way to a lower interest rate, a lower monthly payment, or switching from an adjustable rate mortgage to a fixed rate mortgage.

When Should I Refinance?

The best time to refinance is when interest rates in Waconia, Minnesota drop below the rate of your current mortgage.  With a lower interest rate, you'll save money on your mortgage payment every month.  Be sure to read our article titled Reasons to Refinance Now.

Turn Your Adjustable Rate into a Fixed Rate

With adjustable rates on the rise Waconia, MN residents can benefit greatly from refinancing your home for a low fixed rate.  These benefits include a lower monthly mortgage payment, and the security of knowing your mortgage payment won't increase.

Cash-Out Refinancing

Using the equity in your home, you can refinance your mortgage for a higher amount than your current principal balance and receive the extra funds as cash.  You can use this money however you would like, including, remodeling your home, paying off high-interest rate credit cards, paying off student loans, or consolidating all your debt.  How much cash out you can receive by refinancing depends largely upon the principal balance remaining on your mortgage and the amount of equity in your home.

Eliminate PMI

Private Mortgage Insurance is usually required if your downpayment on your home was less than 20 percent.  If your home equity has increased since your purchase, you may have enough equity to elimate that PMI payment by refinancing your mortgage.

Save Thousands in Interest

When you refinance your home you can decide to switch your mortgage to a shorter term, such as 10, 15, or 20 years.  Depending on how much lower the refinance rate is, you will likely pay more per month for this shorter term home loan.  However, in the long-term you are saving thousands in interest.  And because more of your monthly mortgage payment goes towards the principal, your home equity will increase much quicker.

Mortgage Refinance Calculators

Mortgage Payment Calculator
Refinance Savings Calculator
Refinance APR Calculator
Refinance Points Calculator 

Refinance Articles

Reasons to Refinance Now
Beat the Subprime Mortgage Crisis 
Return to mortgage refinance in the state of MN

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Waconia, Minnesota News
Readers Write

I read with great dismay the Nov. 15 article on the National Transportation Safety Board's finding on the cause of the Interstate 35W bridge collapse.


Lester Prairie resident earns citizenship in time to vote for her grandson

A lot of new voters turned out for this year's general election, but for Lester Prairie resident Marie Moy, the day was extra special.


Waconia Patriot

Winter arrived last Friday, as residents woke to discover that two inches of fresh snow had fallen under the cloak of darkness.


Dock wona t float far

The fishing pier at Cedar Point Park will be stored closer to its original location this year, rather than out in the bay with the hope that it won't be damaged by ice.


Program honors local veterans

In honor of Veterans Day, a powerful display of patriotism filled the performing arts center at Watertown-Mayer High School on Tuesday, Nov.


Impaired lakes getting some extra attention

Voting at Ward I in Waconia was brisk, but packed early Tuesday morning shortly after polls opened at 7 a.m. The line that started near the north entrance to Bayview Elementary stretched the entire length of ...


Jam-packed polls

Voting at Ward I in Waconia was brisk, but packed early Tuesday morning shortly after polls opened at 7 a.m. The line that started near the north entrance to Bayview Elementary stretched the entire length of ...


Rumble strips are raising grumbles

Seen as a way to improve safety along rural highways, they have instead sparked noise complaints from residents and fixes by the counties that installed them.


Those in need are finding help from their neighbors

Local food shelves finding useage on the rise By Amanda Schwarze, Staff Writer Logic would seem to suggest that when large numbers of people are struggling financially, the need for social services will ...


Protecting the pedestrians

Pedestrians crossing at Walnut Street often encounter vehicles that don't come to complete stops.


Councilor Karki rushed to hospital for bypass

Waconia City Councilor Myron Karki underwent emergency bypass surgery Oct. 26. Myron Karki loves to finish Waconia City Council meetings by encouraging people to get out and exercise, it's sort of his M.O. He's ...


Schiffman falls to Lehrke in Waconia mayor race

Change. It's what people were apparently seeking when they headed to the polls this year.


Old barns find new life and purpose

They were once a focal point of rural life, but as pressure from development increases, and the number of family farms declines, barns are rapidly disappearing from the landscape.


To wetlands you shall return

The sod farm, owned by Don and Babs Wagener, will soon become a wetland, thanks to the Waconia couple's decision to enter the acreage into a wetlands restoration program.


Citizens set for general election on Nov. 4

Young hunters participate in a shoot at the Watertown Rod & Gun Club on Oct. 15. The shoot was part of a special hunting program offered through Exploratory Day at Watertown-Mayer Middle School.


Tires slashed on dozens of vehicles in Carver County

Authorities in Carver County are investigating an apparent vandalism spree. According to the sheriff's office, vandals slashed tires and cut the valve stems on more than 30 vehicles in the city of Victoria on ...


Authorities seek tire slashers in Carver County

More than 30 residents in Victoria awoke Thursday morning to find that somebody had slashed their tires and cut off valve stems.


Public Health offers flu clinics

Carver County Public Health will offer two flu shot clinics this fall. The first Flu Shot Clinic is 5-7 p.m. today , at St.


Deadly intersection a stoppeda

Less than one month after a Watertown motorist lost his life at the intersection of County Road 10 and Highway 284 in Waconia, the Minnesota Department of Transportation has decided to install a four-way stop ...


VICTORIA - Vandals target automobiles

On Wednesday evening, Oct. 22, and into the morning of Thursda, Oct. 23, vandals slashed tires and cut valve stems on over 30 cars in the city of Victoria.


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