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Billings, MT Mortgage Refinance in Montana

We make it easy to get the lowest mortgage refinance interest rate in Billings, MT.

Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Billings, MT 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 Billings, Montana 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 Billings, MT 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 MT

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Billings, Montana News
Gazette case rejected, with caveat

The Montana Supreme Court has declined to consider a petition filed by The Billings Gazette challenging a court rule that keeps some lawyer disciplinary records secret.


Billings begins test wells to squeeze gas from garbage

For 40 years, the Billings Regional Landfill has been accepting truckloads of garbage.


Troopers ID man killed in wreck

BILLINGS, Mont. - The Montana Highway Patrol has identified a Judith Gap man who died in a one-vehicle rollover on Thanksgiving.


Alkali Creek Rollover, DUI investigation

A one vehicle, rollover in Billings has resulted in a DUI investigation. Emergency vehicles responded to the rollover accident on Alkali Creek near Black Pine Road around 4:30 Sunday afternoon, where they found ...


Yellowstone River Conservation meeting set for Dec. 4-5 in Billings

The Yellowstone River Conservation District Council will meet on Dec. 4-5 at the Montana State University-Billings College of Business.


Barbecue caused house fire

A barbecue caused the fire that burned a home near Columbus on Sunday, said Rich Cowger, Columbus fire chief.


Displaced by blaze at apartment, family buys house

When Denise Prowell looks out her kitchen window, she can see a large dirt hole where the Prickett Lane apartments once stood.


Labor department touts jobs ranking

The state labor department is touting a recent ranking showing that Montana cities are a good place to find a job.


One More Step Toward Passenger Trains In Billings

From The K-B-L-G News Center... Transportation officials say a study, to be completed next year, may help determine if cities along Interstate 90 in Montana will again have railroad passenger service.


Boy charged as adult pleads not guilty

A 17-year-old Billings boy was charged as an adult Tuesday in District Court with four counts of felony assault with a weapon for an incident involving a BB gun that resembled a semiautomatic weapon.


Billings Heights road job completed

There's some good news for commuters who travel in and out of the Heights after city officials opened the new Aronson Bridge late Tuesday afternoon.


Girl admits role in school break-in

BILLINGS, Mont. - A 14-year-old girl has admitted to two counts of felony burglary for vandalism that took place prior to a fire that destroyed the Huntley Project school.


Texting teen driver charged with criminal endangerment

A Billings teenager accused of losing control of a car while text messaging and hitting a woman and her toddler was charged Tuesday in Youth Court.


Skunk puts county in quarantine

Yellowstone County is under a rabies quarantine for the next two months. A strange-acting skunk was found in the Heights last Thursday and tested positive for rabies, said Fred McCracken, Billings Animal ...


Man pleads guilty to assaulting infant daughter

BILLINGS, Mont. - A 22-year-old man charged with assaulting his infant daughter pleaded guilty Monday to a reduced charge of felony assault on a minor.


Executive chosen for Humanities Montana

Trustees for Humanities Montana expect to have a new executive director on the job in February.


Lame Deer woman admits killing boyfriend

Although she was drunk and doesn't remember much of what happened, Lame Deer resident Kimberly Joyce Hiwalker, 43, admitted Tuesday that she killed her boyfriend last year.


Patterns in pawn: Missoula, Bozeman break from trend of more people hocking their possessions

Pawn shops from around the state report that pawn activity has skyrocketed - with people seeking money for gas, food and even their mortgages - in recent months, coinciding with the national economic crisis.


Billings Fire Department Receives Grant

The Billings Fire Department and ten other fire departments are awarded more than a million dollars in federal grants.


City will pay $135,000 to 3 female police officers

An tentative agreement has been reached between the City of Billings and three female police officers who claim they were "looked over" for promotions because of their gender.


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With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
 
"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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