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Refinance Loans from UCU Mortgage

When mortgage interest rates are right, it’s time to refinance your home. And at UCU, it’s always a good time to take advantage of our affordable mortgage interest rates because we are committed to providing our borrowers with a great value that helps you reach your goals.

A refinance loan from UCU Mortgage can help you accomplish a number of goals:

  • Lower your monthly payment
  • Take advantage of lower mortgage interest rates
  • Save money over the life of the loan
  • Get back some of the equity in your home
  • Adjust your loan terms
  • Convert your loan type (fixed-rate mortgage or adjustable-rate mortgage)

Questions about our refinance loans? We are happy to help. Email our Mortgage Loan Originators or give us a call at 800 696 8628.

Why you should shop refinance loans from UCU

Refinancing a home is a chance to take something great like home ownership and turn it into something even better for your life. Refinance loans let you customize your loan to better fit your budget, your family, and your future. Refinance loans from UCU give you even more.

Get affordability.

At UCU, our refinance loans come with seriously low mortgage interest rates, so you can refinance knowing that you’re getting a great deal. As a not-for-profit credit union, we can keep our home loan rates low so you enjoy low monthly payments. And our closing costs are affordable, too. It all adds up to a terrific value in refinance loans.

Get convenience.

We work with you to make sure we meet your refinance loan needs in a way that works for your lifestyle. That’s because we know that refinancing a home should be easy. Our online home loan process makes it even more simple. The digital application walks you through the entire process, step by step. And if you need personal assistance, we’re here to help get you the answers you need quickly and easily.

Get flexibility.

UCU is based right here in the community, so we make our home loan decisions locally. That gives us greater flexibility than you might find at big banks headquartered across the country. Our local lenders can also customize your refinance loan to meet your needs.

Get service.

As a credit union, UCU is proud to support our community in every way we can. And one way we do that is by focusing on providing excellent service. As a part of our community, UCU understands that we’re here to support you – with great mortgage interest rates, affordable refinance loans, and expert, personal service throughout the life of the loan.

Get back to your life.

Refinance loans should improve your life – not take away time from it. That’s why UCU makes our application as simple and streamlined as possible. By making our decisions locally, we can also deliver faster loan decisions and help you close on your loan quickly.

Reasons to Refinance

There are many reasons why refinance loans are great for homeowners – and there are just as many goals that can be accomplished by refinancing. Here are a few of the most common:

Taking advantage of lower mortgage interest rates.

One of the most common reasons people refinance a home is to lower their mortgage interest rate. With a lower mortgage interest rate, a homeowner can pay less over the life of the loan. Because UCU is a not-for-profit credit union, we can return any money we make to our members. One of the ways we do that is by offering outstanding mortgage interest rates on our entire range of home loans and refinance loans. And if you’ve built up better credit since you originally financed the home, you may be able to lower your mortgage interest rate even more than you expect with a refinance loan.

Lowering the monthly payment.

Affordable mortgage interest rates give the homeowner the ability to keep the loan terms the same and still lower the monthly payment for the home loan. For an even lower monthly payment, the borrower can extend the loan terms.

Adjusting the terms.

Taking advantage of low mortgage interest rates allows the borrower to shorten the loan terms while keeping the payment affordable. This helps the borrower to pay off the home loan faster and build equity in the home. Shorter terms often come with extra-low mortgage interest rates. On the other hand, a borrower may want to lengthen the loan terms, which lowers the monthly payment.

Converting the loan type.

Borrowers who have had an adjustable-rate mortgage may use a refinance loan to switch the home loan to a fixed-rate mortgage to lock in low mortgage interest rates. A refinance loan can help borrowers avoid balloon payments associated with adjustable-rate mortgages. Likewise, a borrower who has a fixed rate loan may refinance to take advantage of lower adjustable rates.

Accessing the equity in your home.

Refinance loans also give you the option to cash back out some of the equity in your home. This can provide you much-needed cash for major expenses, to pay for renovations, or even to pay off higher-interest debt.

Eliminating private mortgage insurance.

If you made a small down payment or even no down payment on your original home loan, you’re likely paying private mortgage insurance or PMI. This adds to your payment each and every month. With enough equity, refinance loans give you the option to restructure your loan so that you can kiss that PMI good-bye.

Whatever your reason or goal for refinancing your home loan, UCU is here to help make it easy and affordable. Our expert mortgage lenders will work with you to help customize your refinance loan to your unique needs.

UCU is here for you with affordable refinance loans.

We make it easy.

Questions? We’ll help you answer things like, “How much mortgage can I afford?” and more. Email our Mortgage Loan Originators or give us a call at 800 696 8628.

NMLS ID: 407658