A change for the better
Mortgage Refinance Loans
Refinance for a better mortgage
If you're not happy with your mortgage loan, check out current refinance rates and refinance through Mountain America Credit Union. Let us help you achieve your financial goals—whether it involves lowering your payment or changing the loan term. Use our refinance calculator to get started.
Reasons to refinance your mortgage
There are a variety of reasons to consider a mortgage refinance. Here are the most common:
- Lower your monthly payment—Take advantage of current refinance rates to reduce your monthly loan payments.
- Pay off your mortgage faster—Switch to a shorter term and say goodbye to your mortgage sooner.
- Consolidate debt—Utilize your home's equity to help pay off debt faster.
- Get cash from your home—Use the equity in your home to provide funds for other purposes.
Refinance your home loan and save
Get started today by applying online by clicking the button below, or calling 1-800-277-7703. If you still have questions, schedule an appointment with one of our mortgage specialists.
Estimate your mortgage payments
Customize your rate
Refinance mortgage loan interest rates
If you are looking to refinance your home loan, please contact a mortgage representative at 1-800-277-7703 or schedule an appointment with one of our mortgage loan specialists.
Refinance FAQs
What is a good mortgage rate?
Current refinance rates are constantly changing. It is best to wait until rates are at least one percent lower than your existing rate. To get the best mortgage refinance rate:
- Improve your credit score
- Determine which loan term suits your goals
- Buy discount points to lower your interest rate
When should you refinance your house?
The right time to refinance depends on several factors. A mortgage refinance may be a good option if:
- You plan on living in your home for approximately 5 more years
- You expect to meet mortgage refinance loan qualification standards
- Current refinance rates are one percent lower than your existing rate
What are my refinance options?
Your refinance options are dependent on your financial situation as well as your financial needs. The first step is to look at current refinance rates. Ideally, your new interest rate should be at least one percent lower than your current loan. Determine which loan term is best for your goals. Then take the time to understand the contract fully, including fees, discount points, and add-ons.
What are the best reasons to refinance?
There are many reasons to consider a mortgage refinance. Some of the best reasons to refinance are:
- To save on the overall interest you will pay
- To reduce your monthly mortgage payment
- To utilize your home’s equity to help pay off debt
- To pay off your mortgage faster by switching to a shorter term
- To use your home’s equity to provide funds for other purposes
Is there a downside to refinancing?
The biggest downside is that it costs money to refinance. Depending on your financial needs and goals, it may not be the right time to refinance. It is important to assess your situation to make sure refinancing will be financially beneficial.
Get started with our refinance calculator to help calculate how much refinancing your mortgage can save you or call 1-800-277-7703 to start speaking with a mortgage specialist.
Mini Mortgages
Shrink your loan term or save on interest with a mini mortgage from Mountain America.
Home Insurance
Protect your home, family and possessions with Mountain America Insurance.
*Loans on approved credit. Actual APR based on creditworthiness. Information and interactive calculators are made available as self-help tools for independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regard to individual circumstances. All examples are hypothetical and are for illustrative purposes. Seek personalized advice from qualified professionals regarding all personal finance issues. Actual rate, payment and costs could be higher. Get an official loan estimate before choosing a loan. Some limitations on loan amounts may apply based on county limits and/or loan product. FHA county loan limits apply for FHA loans.
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