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!
I needed a new vehicle loan, and FFCCU beat other interest rates so dramatically it was a no “brainer.” I was so happy with the service I am switching all of my checking and savings over. Kudos...
-Amy B.
The live chat team always does an outstanding job handling my frequent use of online messaging. I’m hearing impaired and prefer messaging to phone calls. They handle all my issues quickly and thorough...
-Denny J.
My experience with FFCCU’s Parma branch has been nothing but positive. Obtaining an auto loan was really easy, even though I came to the establishment as a nonmember.
-Star B.
Just joined the FFCCU when I refinanced my car loan. I couldn’t be happier with the service Jenny Stanfield and Ginny Hainen provided! I did almost everything online. Easy, convenient, and they saved...
-Maria K.
I have been a member since 2011. Everyone has always been very helpful and quick to respond. There have also been steady improvements year after year, especially with online banking. I love supporting...
-Eric
I did not have my loan information and needed to know how, when, and where to make a payment. I was completely frazzled but Megan S. was able to talk me through setting up my user account, payments,...
-Donna G.
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.
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.
Big kudos to the West Side CLE branch. I secured my new car loan with a rate better than what the dealer was offering. FFCCU has always been my go-to for car loans for this very reason!
-Bridget E.
Jenny and Victoria from the Wellington branch were super helpful with getting things going for me, and gave me peace of mind. So grateful for their help!
-Austin L.
Beth was great to work with! Super responsive. The entire process was so smooth and easy!
-Brooke G.
Lisa Snell makes every customer feel heard, valued, and appreciated, turning every interaction into a positive experience. Thank you very much Lisa at the Emerald branch location!!
-Gissela S.
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 6.300%* | 6.518% APR** | $1,237.95 |
20 year conventional loan | as low as 6.050%* | 6.335% APR** | $1,438.64 |
15 year conventional loan | as low as 5.800%* | 6.115% APR** | $1,666.18 |
10 year conventional loan | as low as 5.550%* | 6.051% APR** | $2,175.48 |
*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.