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!

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.

  • Hidden
  • This site is protected by reCAPTCHA and the Google | Privacy Policy | Terms of Service

  • This field is for validation purposes and should be left unchanged.

Our Rates

As of September 18, 2023
TypeInterest Rate*APR**Monthly Payment
30 year conventional loan
as low as 7.000%*7.227% APR**$1,330.60
20 year conventional loanas low as 6.750%*7.043% APR**$1,520.73
15 year conventional loanas low as 6.500%*6.862% APR**$1,742.21
10 year conventional loanas low as 6.250%*6.758% APR**$2,245.60
*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.

my CU Mortgage

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.