Refinance a Home

Refinance your home with low rates.

Couple holding laptop reviewing options

Low rates and reduced interest

When you refinance with a loan from Educators you can experience low rates to reduce interest paid on your current mortgage or reduce your monthly payment. If you want to take cash out or refinance to lower your monthly payment, fixed closing costs are $1500 on all owner occupied homes.

First-class services to help you refinance your mortgage

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  • Closing Costs

    Closing Costs

  • Percentage You Can Borrow

    Percentage You Can Borrow

  • Repayment Options

    Repayment Options

Fixed-Rate

  • Closing Costs

    Flat closing cost of $1500 ($1800 on investment properties)

  • Percentage You Can Borrow

    Up to 95% of the appraised value

  • Repayment Options

    10-year, 15-year, 20-year and 30-year terms 

Adjustable-Rate

  • Closing Costs

    Flat closing cost of $1500 ($1800 on investment properties)

  • Percentage You Can Borrow

    Up to 90% of the appraised value

  • Repayment Options

    10-year, 15-year, 20-year and 30-year terms 

10-Year Special

  • Closing Costs

    $500

  • Percentage You Can Borrow

    Up to 80% of your home’s value

  • Repayment Options

    10 years

View Rates

Mortgage Loans

TERM

RATE

APR1

PAYMENT PER $1000

1APR = Annual Percentage Rate. APR calculated on loan amount of $100,000. Rates are subject to change. Rates are not guaranteed until a formal lock is processed. Property insurance is required on all mortgages. No prepayment penalty.

3 Max loan amount $548,250

Closing cost $1,500. Payments do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater.

Interest on a home that is greater than the fair market value of the home is not tax-deductible for federal income tax purposes. Please consult a tax advisor regarding the tax deductibility of interest and charges.

Payments do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater. Subject to underwriting approval.

TERM

30- Year Fixed

RATE

2.750%

APR1

2.799%

PAYMENT PER $1000

$4.09

TERM

20- Year Fixed

RATE

2.500%

APR1

2.569%

PAYMENT PER $1000

$5.31

TERM

15- Year Fixed

RATE

2.125%

APR1

2.214%

PAYMENT PER $1000

$6.50

TERM

10- Year Fixed

RATE

2.000%

APR1

2.131%

PAYMENT PER $1000

$9.21

Adjustable Rate Mortage (ARMs)

TERM

RATE

APR1

PAYMENT PER $1000

1APR = Annual Percentage Rate. APR calculated on loan amount of $100,000. Rates are subject to change. Rates are not guaranteed until a formal lock is processed. Property insurance is required on all mortgages. No prepayment penalty. 2/1 ARM means that the first two years have a locked APR set at closing. The rate can then change by 1% after the first two years and every year after. The rate cannot increase more than 8% during the life of the loan. 5/1 ARM means that the first five years have a locked APR set at closing. The rate can then change by 1% after the first five years and every year after. The rate cannot increase more than 8% during the life of the loan.

Closing cost $1,500. Payments do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater.

Interest on a home that is greater than the fair market value of the home is not tax-deductible for federal income tax purposes. Please consult a tax advisor regarding the tax deductibility of interest and charges.

*Investment Properties have a rate of (rate + 1%) and have a closing cost of $1,800.

TERM

2/1

RATE

2.125%

APR1

2.251%

PAYMENT PER $1000

$3.76

TERM

5/1*

RATE

2.375%

APR1

2.502%

PAYMENT PER $1000

$3.89

ECU Special- 10-Year Fixed Refinance

TERM

RATE

APR1

PAYMENT PER $1000

Closing Costs = $500.00

1APR = Annual Percentage Rate. APR calculated on loan amount of $100,000. Rates are subject to change. Rates are not guaranteed until a formal lock is processed. Property insurance is required on all mortgages. No prepayment penalty. Subject to underwriting approval.

Interest on a home that is greater than the fair market value of the home is not tax-deductible for federal income tax purposes. Please consult a tax advisor regarding the tax deductibility of interest and charges.

TERM

10- Year

RATE

2.000%

APR1

2.103%

PAYMENT PER $1000

$9.21

Ready to refinance your home loan?

Complete your application and documents wherever you are with ECU Home+.
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