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Mortgage Refinance

A refinancing process that's easy to live with

Homeowners need tools. There are always things to fix and improvements to make around the house. Think of refinancing as a tool that you might be able to use to improve your financial picture or your home itself.
 

When is refinancing the right move?

There are a number of reasons why mortgage refinancing might be useful, and to get the best advice we encourage you to discuss it with an SMCU mortgage professional. Over the years, we've helped many California residents achieve their financial goals through refinancing. So, what do you have in mind?
 
  • Securing a lower rate: If today's interest rates are lower than your current rate, you may be able to save money by refinancing into a lower rate. Also, the lower rate can help build equity faster while reducing your monthly payment.
  • Shorten the term: You may be able to get a significantly shorter term without much affect on your monthly payment.
  • Converting from adjustable to fixed rate: Although ARMs start with lower rates, adjustments over time can raise your rate above the current fixed rate. At that point, refinancing to convert into a fixed rate makes sense.
  • Consolidating debt or financing a purchase: Refinancing can help you access equity in your home to pay for a major expense or to pay off other debt that carries higher interest rates.
Take a look at current rates to see how they compare to the rate on your current mortgage. And remember, we're here to explain everything and help you make the right decision. We'll also help you understand the costs of refinancing, including closing, appraisal, and more.

 
Get in touch with an SMCU California mortgage expert

All mortgage loans through San Mateo Credit Union are for homes in California only. Adequate property insurance required for the life of the loan. Flood insurance may be required. All loans are subject to credit approval. Please speak with a Real Estate Representative for current rates and information on loan limits as additional conditions and restrictions may apply. San Mateo Credit Union NMLS #416747.
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