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* Adjustable Rate Mortgage

Refinance a Mortgage

We can help you every step of the way!

Refinance a mortgage

To save on your monthly mortgage payment and/or pay off your loan more quickly, refinance your existing mortgage at a lower interest rate. Learn more about the benefits of a cash-out refinance or home-equity refinance. Our experienced, licensed loan experts can help you choose the option that’s right for you!


Refinance with Cash Out

Borrow more than your current mortgage and receive the remaining funds in a lump sum.

Refinance With Cash Out

If you have enough equity in your home, you can choose to borrow more than you need to pay off your mortgage and receive the remaining funds in a lump sum to use as you wish. The excess funds may be used for debt consolidation, home improvement or any other purpose and, you’d avoid a second loan on your home.


Refinance with a Home Equity Line of Credit

See if this alternative is right for you.

Refinance With a Home Equity Line of Credit

Based on your circumstances, you may want to consider a Home Equity Line of Credit1 to refinance your mortgage. We can finance a maximum of $250,000. The benefits of refinancing your mortgage with a Home Equity Line of Credit include no appraisal fee or escrow commitment and minimal closing costs as compared to a traditional refinance.

Mortgage products are offered by our Mortgage Team, Homeowners Advantage (HOA), and are not NCUA insured. Homeowners Advantage is a subsidiary of CAP COM FCU. Mortgages in New York State only. Rates as of  . Information is based on a loan amount of $150,000, credit score above 740, and loan-to-value at or below 60%. Your actual annual percentage rate may be different. All rates are subject to change without notice.
* Adjustable Rate Mortgage (ARM) rates quoted are based on Credit Union membership at the time of loan disbursal and selection of our Automatic Payment Plan. Ask about other rates and terms.
If an escrow account is required or requested, the actual payment will also include amounts for real estate taxes and homeowner's insurance premiums.
Rates are based on a purchase or no cash out refinance, cash out options may affect your rate.
1. The Annual Percentage Rate (APR) shall be set at the time of funding and may be as high as the current Prime Rate plus 2%. No closing costs on home equity lines of credits (HELOCs) up to $250,000. Discharge fees and overnight shipping charges are excluded where applicable. If the HELOC is paid and closed within 3 years of the closing date there is a recapture fee in which you will have to reimburse the Credit Union for all closing costs paid on your behalf. Estimated recapture fee examples include $457 in closing costs and a maximum average of $2,475 in New York state mortgage tax for Albany, Schenectady, and Rensselaer counties. Actual closing costs and mortgage tax may be different.
Mortgages in New York State only. All Lines of Credit require a minimum initial advance of $5,000 and a minimum limit of $10,000. Sample payment for a 15-year fixed loan at 4.00% is $7.40 per $1,000. Other rates are available and subject to change without notice.
CAP COM FCU NMLS Identifier: 401261.