Mortgage Refinance

• Secure a lower rate: If today's interest rates are lower than your current rate, you may be able to save money by refinancing into a lower rate. Also, the lower rate can help build equity faster while reducing your monthly payment.
  
  
• Shorten the loan term: You may be able to get a significantly shorter term without much effect on your monthly payment.
  
  
• Converting from adjustable to fixed rate: Although ARMs start with lower rates, adjustments over time can raise your rate above the current fixed rate. At that point, refinancing to convert into a fixed rate may make sense.
  
  
• Consolidating debt or financing a purchase: Refinancing can help you access equity in your home to pay for a major expense or to pay off other debts that carry higher interest rates.

¹Advantage One Credit Union will pay your closing costs including but not limited to: lender’s title insurance, title services, appraisal, tax service, credit report, flood certification, and recording fees minus $495.00 paid by the borrower. All loans subject to approval. Rates, terms, and conditions are subject to change. Closing fees are estimated based on the information you have provided and may be subject to change. Taxes and insurance premiums are not included in the payment. The actual payment obligation may be greater.