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Freedom from high interest rates.

Mortgage rates are low. Now might be a perfect opportunity to refinance your home loan» to lower your monthly payments or remove PMI (Private Mortgage Insurance). Our team of mortgage specialists can help you determine if now is the right time to refinance.

Enjoy the benefits of a refinance:

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Lower your monthly payment
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Get rid of monthly PMI payments
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May lower your interest rate
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Shorten your term to build equity faster

Ready to get started? Call our Home Loan team today at 866-722-5110, apply online, or find a Loan Officer in your area by clicking below.

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Should I refinance my mortgage?
Making the decision to refinance your mortgage can be tough when you look at all the factors. Your current interest rate, the new potential interest rate and even closing costs can affect how long it will take to break even. Our calculator can help you see costs and rates to help you decide.
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Apply for a home loan today:

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Subject to credit approval and limited to residents of Washington, Oregon, Idaho or California, or current Banner Bank deposit clients. View a list of Banner Bank's Mortgage Loan Originators National Mortgage Licensing System ID numbers.

Your monthly PMI payment is the monthly cost of Principal Mortgage Insurance (PMI). For loans secured with less than 20% down, PMI is estimated at 0.5% of your loan balance each year. Monthly PMI is calculated by multiplying your starting loan balance by this percent and dividing by 12. When the equity in your home exceeds the percentage required for PMI, your PMI payment drops to zero.

Normally PMI is required if you have less than 20% equity in your home, however for the refinance of loan guaranteed by Freddie Mac or Fannie Mae you may not be required to pay PMI if your current mortgage doesn't require it. Check with your lenders for details. Check the box "do NOT include PMI" if this applies to your refinance.

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