Summit has many options for you to choose from to refinance your primary or secondary home. Each offers great rates and fast turnaround and can save you big over the life of your loan. Our options can give you an affordable way to make home improvements or big purchases or pay down your higher interest debt. Express Mortgage Refinance Traditional Mortgage Refinance Key Features & Benefits

• The lowest total interest payments – with loan terms as short as 8 years
• The shortest loan pay off
• An expedited loan process
• A great way to consolidate other higher interest debt

• Lowest monthly payment – refinance for up to 30 years
• Widest variety of loan term options
• Available for refinancing higher existing balances
• Lower loan-to-value (LTV Your Loan-to-value (LTV) ratio, is your mortgage balance divided by the appraised value of your home. For example, if it's 80%, that means you have at least 20% equity in your home. ) requirements than an express refi
• Get cash back from the equity in your home
• A great way to consolidate other higher interest debt

Rate Type Fixed Fixed or adjustable Loan Term 8, 12 or 20 years 10, 15, 20 or 30-year fixed
Plus a wide variety of adjustable rate mortgage (ARM) options Can I set up an escrow account? No Yes Maximum loan amount $399,999 Available for refinancing higher existing balances. Maximum loan-to-value (LTV) 80% Maximum depends on loan type Closing costs Low (or no!) Low (or no!) Can I cash out my home equity? Yes, subject to the maximum LTV Yes, subject to the maximum LTV Can I refi property located outside of Wisconsin? Yes Yes Work with your Summit mortgage loan officer to determine which option is right for you!