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Serving our communities since 1946, First Bankers Trust Company has lived by the motto that customers are always FIRST. We strive to be the best mortgage lenders in Quincy, IL by meeting and exceeding our customers’ needs. If you’re looking for mortgage refinancing help in Quincy, IL, contact a lender today!

What is a mortgage refinance?

When you refinance your mortgage, you are simply replacing your current home loan with a new one. The most popular reason to refinance is to get a lower interest rate, which could save you money over the life of the loan. Other reasons to refinance include:

  • Change the loan term.
  • Switch from an adjustable-rate mortgage to a fixed-rate loan.
  • Switch from an FHA loan with a PMI requirement to a conventional loan.
  • Cash out some of your equity to use for home renovations or debt payoff.

When was the last time you checked your mortgage rate?

Current mortgage rates make now the perfect time to refinance your mortgage—especially if you have an adjustable-rate mortgage or want to get cash out for home improvement projects. No cash needed at closing. Fill out the form below to learn more and get started.

Benefits of Mortgage Refinancing

  • You could find lower home loan rates than your current mortgage and potentially reduce monthly payments.
  • The peace of mind that comes with a fixed-rate mortgage instead of the ups and downs of an adjustable-rate mortgage.
  • You could consolidate a first and second mortgage or consolidate debt with your first mortgage.
  • Cash-out refinancing gives you the ability to utilize your equity for things like home improvements.

Get Started


Discover the power of refinancing. Take the first step and contact us today.

Save money and lower your monthly payment.

Access cash for home renovation projects, vacations, debt consolidations and more!

Contact us today to inquire about your refinancing loan options, or you may apply online for refinancing using our online application process.

Learn more about refinancing your home loan in Quincy, IL!


Looking for banks that refinance mortgages? Look no further than First Bankers Trust Company in Quincy. We will do our best to get you a better mortgage rate. Ready to apply for a mortgage refinance or still have questions? Contact a lender to learn more, visit one of our West Central Illinois locations, or apply online today!

Related Resources

Insights from Cynthia Mackenzie:

How can I find out if refinancing is right for me?

If your interest rate is higher than the current market rates, then refinancing could be the right choice for you. 

You should not refinance if you cannot lower your interest rate by at least 1 ½ to 2 percent or more.

If you are having trouble paying your mortgage and current market rates are lower than your interest rate, then a Rate & Term Refinance could also be a good option.

Will refinancing save me money?

If you can shorten your payment schedule (term) and lower your monthly mortgage payment, then this will save you money over the life of the loan.

Shorter term = less interest paid

Lower rate = lower monthly payment

How long does the refinancing process take?

Generally, the time it takes to refinance your mortgage could take anywhere from 30 – 45 days.

When you consider there are appraisals, title work, inspections, and other third-party vendors that all play a major part in the process, It is hard to pinpoint an exact timeline.  

Can I refinance more than once?



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