Mortgage Refinancing

When you refinance your mortgage, you replace your current mortgage loan with a new mortgage loan. We'll help you through the process.

Why refinance your home loan with us?

Lower Payment
Refinancing your home loan may lower your monthly payment.
Faster Payoff
Refinancing may help you pay off your loan quicker.
Cash Out
You may be able to cash out a portion of your home's equity.

Is Refinancing Right for You?

Many homeowners refinance to lower their monthly payment, pay off their loan quicker, get a lower rate, or cash out a portion of their home’s equity.

There are several important factors to consider before you refinance. How long have you owned your home? How long do you plan to stay in your home? Our mortgage professionals can help evaluate your needs and options, ensuring we provide the best solution for you.

Cash Out Refinance

A cash out refinance replaces your current mortgage with a new mortgage loan. Loan proceeds are first used to pay off your original mortgage, plus closing costs and other expenses including insurance and property taxes. All remaining funds are available to you to use as you wish.

BankWest is a full-service financial institution with branches in Madison, Mitchell, Pierre, Rapid City, Spearfish, and other convenient locations across South Dakota.

Helping you cultivate financial success

Looking for a step-by-step guide to securing a mortgage? Check out our six easy steps and get started today.

Before buying a new home, it’s essential to assess your finances and start saving early. Follow a consistent budget and explore these tips to help you get financially ready for homeownership.

Saving doesn't have to be hard

See the many ways we can help you save.


Disclosure All loans are subject to credit approval.