A mortgage refinance lets you start over with a whole new home loan. It's a chance to lower your payment, get mortgage-free faster, access your home equity, or simply switch to a better lender.
|10 Year - No Closing Costs Up to 2% of Amount Financed*||7.000%||7.004%||0.000|
|15 Year - No Closing Costs Up to 2% of Amount Financed*||7.250%||7.253%||0.000|
|20 Year - No Closing Costs Up to 2% of Amount Financed*||7.375%||7.378%||0.000|
|30 Year - No Closing Costs Up to 2% of Amount Financed*||7.500%||7.503%||0.000|
- Jessica L.C.
Whether it’s your first time or you’re an experienced homeowner, the process of buying a house can be intimidating. Plus, today’s housing market doesn’t make negotiating a good deal any easier.
This guide will give you the tools to find a dream home, negotiate the best deal, and pick the right lender and mortgage loan to meet your needs.
Topics covered include:
1The Annual Percentage Rate (APR) is calculated on a loan amount of $350,000 for the purchase of a single family primary residence. This annual rate of interest example takes into account a 20% down payment. For a Fixed Rate Mortgage Loan of $350,000 at 30 years at 6.750%, you would make 360 payments of $2,270.09. Payment amount does not include taxes and insurance. Actual payment amount will be greater.
*Power Financial Credit Union will pay for all eligible closing costs, excluding rate buy downs/points and prepaid items, up to a maximum of 2% of the loan amount. This is a limited-time promotion. All purchase and refinance fixed rate mortgages secured by a primary residence are eligible. Investment properties or second homes do not qualify. Subject to a three year recapture fee. If the loan is paid off earlier than 36 months (3 years), the lender credit will be added to the payoff.
Rates and offers are subject to change without notice.
Power Financial Credit Union serves members across South Florida with 7 full-service branches and offers convenient account access from anywhere using its secure Online Banking and highly-rated Mobile App.