Refinancing Your Mortgage
Make Your Home Work For You
Want to lower your monthly mortgage payment or secure a lower interest rate? Would you like to take advantage of the equity in your home or move your adjustable rate loan to a fixed rate? If so, consider refinancing your mortgage.
While the process of refinancing is similar to applying for your first mortgage, we’re here to help you understand the pros and cons, options and costs, so the experience is as smooth as possible, and you can get back to focusing on memories, and not interest rates.
Possible Benefits of Refinancing Your Mortgage
LOWER YOUR MONTHLY PAYMENT
Put extra money back into your budget. Rate-and-term finance replaces your current mortgage with a new, lower rates, meaning less to pay back each month.
MANAGE DEBT BETTER
A Cash out refinance may be the option for you. Tap into your equity to pay off any high-interest debt like credit cards, car payments, or student loan debt.
PAY OFF YOUR LOAN FASTER
Refinance from a 30-year loan to a shorter term and pay off your loan in as little as half the time! Pay less interest over the life of your loan as well.
LOCK IN A LOW RATE
Switch from an adjustable-rate to a fixed rate mortgage, and keep one low and manageable interest rate for the life of your loan.
KUDOS!
Margaret at the West Side branch was great. We had a good time finishing up my new motorcycle loan. I appreciate her reminding me to make sure I adjust my direct deposit for the new loan.
-John & Cindi
Thanks to Karen for helping me via Live Chat. She noticed I wasn’t using my account to my advantage and offered me a suggestion to do so. You rock! Appreciate the chat feature and have used it often.
-Gigi
Wow!!! You give me the best customer service!!! I’m an 8-year Member and can say my Credit Union performs like nothing else. They take such a personal interest in all my issues, great and small.
-David W.
Jashira was very nice and courteous! She resolved my issue immediately and asked if she could assist me further. I appreciated the great service and the desire to do more in addressing my concerns!
-Cynthia O.
MARGARET GILBRIDE went way above and beyond to help me with a bill pay issue. I would like to acknowledge her with a great big THANK YOU!
-Lori C.
I’d like to give Kudos to Sue Whitt!! She always made herself available to answer phone calls, was prompt in providing documents in a way convenient to my work schedule, and found an expedited resolut...
-Frank D.
I would like to thank Meghan T., for taking her time with a loan we needed. We were nervous about coming in, but she was very thorough and helpful. Words can’t express how appreciated we felt!
-Alice & James D.
I’ve been a long-time member but have never used the chat feature until today. Karen B was so nice and helpful- answered all my questions and was very personable. I’ve always received great service at...
-Erin S.
Once again, great service here! My membership goes back almost 40 years with Firefighters Community Credit Union. Never a disappointment.
-Dave
Every one of my questions about the Ignite checking account were answered! This credit union is one of my favorites; there is such a calming environment when you enter. Staff is so helpful!!
-Jacob O.
Love working with FFCCU – personal, motorcycle, and R.V. loans – they’ve got you covered, and it’s easy. We’ll be doing a lot more business in the future and recommend others do the same.
-Jason C.
Clicked the “Live Chat” button, asked my question, got my answer literally within a minute. THIS is what support from a banking institution should be like. Thanks so much for your help!
-Ryan M.
Why Refinance With FFCCU?
Many lenders may be looking to sell your loan once it’s completed, but at FFCCU we hold and service nearly all of the loans we originate. FFCCU is dedicated to being a lender you can trust, and a partner in your home ownership, far beyond your closing date.
Have Questions? Not Sure Where to Start?
Contact us and we’ll walk you through the process.
Our Rates
Type | Interest Rate* | APR** | Monthly Payment |
---|---|---|---|
30 year conventional loan | as low as 6.625%* | 6.847% APR** | $1,280.62 |
20 year conventional loan | as low as 6.375%* | 6.663 APR** | $1,476.46 |
15 year conventional loan | as low as 6.125%* | 6.484% APR** | $1,701.25 |
10 year conventional loan | as low as 5.875%* | 6.379% APR** | $2,207.88 |
*All rates and estimates listed are based on qualifying credit. Rates and payments may be higher depending on credit score or other factors pertaining to credit-worthiness. **Calculations are based on a $250,000 purchase with 20% cash down, resulting in the financing of $200,000. APRs reflect fees of $4,500 and terms described above (30, 20, 15, and 10-year fixed-rate conventional loans). Monthly payment does not include taxes and insurance premiums. The actual payment amount will be greater. Payment assumes a loan-to-value (LTV) of 80%. |
*Calculations are based on a $250,000 purchase with 20% cash down, resulting in the financing of $200,000. APRs reflect fees of $4,500 and terms described above (30, 20, 15, and 10-year fixed-rate conventional loans). Monthly payment does not include taxes and insurance premiums. The actual payment amount will be greater. Payment assumes a loan-to-value (LTV) of 80%. All rates and estimates listed are based on qualifying credit. Rates and payments may be higher depending on credit score or other factors pertaining to credit-worthiness.
Since 2001, myCUmortgage® has been a leading Credit Union Service Organization (CUSO) and has made it their mission to help credit unions, like ours, facilitate the programs and processes needed to fulfill members’ home lending needs.