Love your home, but not your loan? It might be a good time to refinance your mortgage. We have plenty of options to help you meet your financial goals. Whether you're looking to lower your interest rate and reduce your monthly payment or access your home's equity, we can help. With our streamlined technology, you can apply, submit your documents, and track your progress online. Plus, our Mortgage Advisors are here to help every step of the way to make the process more enjoyable.
There's more than one way to refinance or cash in on your home's equity for expenses. Learn the advantages of each, and then decide which one works best for your situation! Already know what you're looking for, start your application.
Once you understand the benefits, opportunities and considerations, it's time to apply. We've made it incredibly easy to navigate the application process. Your personalized portal tracks your application, allows you to upload documents, and more. When you want a personal touch, our team of Mortgage Advisors are here for you.
Get ready - for your big day. Our Mortgage team works diligently to prepare all the paperwork and handle all the details for a smooth close.
Looking to have your payment stay the same for the entire loan term? A fixed rate mortgage is your best bet. With a fixed rate conventional loan, you'll have peace of mind knowing your monthly principal and interest payments will remain exactly the same, for the life of the loan. Fixed-rate loans are available in 10, 15, 20, and 30 year terms, with options to eliminate mortgage insurance.
An Adjustable Rate Mortgage, sometimes referred to as an ARM, has a lower rate and lower monthly payments for the first 3, 5 and 7 years, depending on the term you choose. But after an initial period, your rate and payment may change, based on interest rates at the time.
If you need a home loan over $484,350, then consider a Jumbo loan. A Jumbo loan offers low rates and a choice between fixed and adjustable rates.
With an FHA loan, refinance your home with a less-than-perfect credit history. FHA was developed to provide an alternative to conventional financing.
A cash out mortgage allows you to refinance your home and take out your equity at the same time. If your interested in lowering your interest rate and monthly payment a cash out mortgage may be right for you.
Do not see the loan you need or have a unique situation? Talk with a Mortgage Advisor today. See what options are available, learn the advantages of each, and decide which works best for your situation.
You must be eligible to become a Resource One Credit Union Member.
APR=Annual Percentage Rate. Rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions. All loans subject to approval. Restrictions may apply; see credit union for details. Resource One Credit Union home loan programs are only available in Texas.