Refinancing your mortgage can lower payments, pay off your mortgage faster or get cash out for that project you've been planning.
If mortgage rates are falling or your home has dramatically appreciated in market value, you may want to look into refinancing your mortgage.
Mortgage interest rates are fallingYou can save by: 1. Keeping your current repayment term and lowering your monthly payments 2. Maintaining your monthly payments and reducing your repayment term
Home values are rising
Take advantage of your home's increased equity by using it to pay off high interest debt like credit cards, or pay for large purchases.
You've owned a home for a few years
Refinancing usually makes the most sense in the early years of your mortgage. Because, early on, your payments are primarily going toward interest.
Get a low rate for the life of your loan
Pay off your loan faster
Lower your payment
Use your home equity to better manage debt
Start your application online, give us a call or schedule an appointment
Applying to refinance your mortgage with TDECU is easy and convenient. Apply online, or download our TDECU Mortgage Simplified app to your mobile device from the app store! Prefer to discuss in person? Schedule an appointment with a Mortgage Advisor.Schedule Your Appointment