Mortgage Refinance

Lower your rate and monthly payment by refinancing your mortgage.

Depending on your current mortgage terms and how long you plan to stay in your home, refinancing your home mortgage loan could be a great option. Some of the advantages of refinancing include:

  • Obtaining a lower interest rate
  • Decreasing your monthly payment
  • Increasing or decreasing your mortgage terms
  • Consolidating your debt
  • Paying off your loan faster
  • Eliminating PMI (Private Mortgage Insurance)

Refinancing is available for all types of mortgages - conventional, FHA loans, adjustable-rate and fixed-rate. It's a very easy process and involves less time than obtaining a new loan.

Home Loan Refinancing Considerations

Typically, when you refinance your mortgage to a longer term, your monthly payment may decrease, but you’ll pay more interest over the life of the loan. If you refinance to a shorter term, your monthly payments will likely increase, but you’ll pay off the mortgage sooner and save money on interest. If you can refinance your mortgage to a lower rate, even without changing the term you may save a considerable amount of money.

Refinancing is available for all types of mortgages - conventional, FHA loans, adjustable-rate and fixed-rate.

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Home Loan Financing Resources

At Greater Texas | Aggieland Credit Union, we’re here to guide you in whichever direction you’re headed. No matter what you're looking to do with a new home or your current home, we have all the resources for you to make a well-informed decision.

Home Loan Calculators

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Other Home Loan Resources

Find answers to your questions.

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If you have questions about whether refinancing your home is right for you, please contact us at (800) 749-9732.

Superior Home Loan & Mortgage Lending Solutions

Greater Texas | Aggieland Credit Union offers a range of home loan programs to suit your lifestyle and budget. We’re happy to help you turn your dream into a reality with the best home loan for your needs.

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*APR=Annual Percentage Rate

Membership required. The Interest rate, annual percentage rate (APR), origination fees, discount points and closing cost are subject to change without notice based on your loan amount, credit history, loan to value, property type, and intended use of the subject property. This is not an offer of credit and is subject to the terms and conditions of Greater Texas Federal Credit Union, not all borrowers will qualify, subject to approval and underwriting standards, restrictions may apply. Equal Housing Lender, Greater Texas Federal Credit Union (NMLS# 450182) offers mortgage loans by partnership with TruHome Solutions, LLC (NMLS# 284608).