Refinance

NEFCU puts you in control of the refinancing process.

MyChoice Mortgage — Pick Your Rate & Term!

With NEFCU’s MyChoice Mortgage, we don’t choose the terms of your loan – you do! Just pick the interest rate or the loan term that best suits your needs and get a mortgage that is truly tailored to your individual goals. Here’s how it works:

    1. Choose your fixed rate or
    2. Choose your term – from 1 to 10 years

    The lower the term, the lower the rate!

      NEFCU’s MyChoice Mortgage is designed to be quick and easy. No appraisal is needed (in most cases) and closing costs are generally limited to $150. As a result, it is a great way to:

      • Pay off your mortgage on your own schedule
      • Save money by reducing your interest rate
      • Tailor your mortgage to your financial goals
      • Reduce your overall debt

      Ready to learn more? Call us at 866-80-LOANS, visit the NEFCU branch nearest you, or apply online.

      Apply for a MyChoice Mortgage

      Institutional ID # 446767

      Let us help you refinance your home!

      • Lower the rate and payment of your current home loan
      • Move your servicing locally
      • Pay-off high interest rate credit cards
      • Reduce the time to pay-off your mortgage if you are approaching retirement
      • Improve cash flow - consolidate debts and spread out the term of your loan

      Refinancing may help you

      • Do you currently have an Adjustable Rate Mortgage?
      • Is your adjustable rate about to increase?
      • Do you have two mortgages that you would like to combine into one low fixed rate payment?
      • Would you like to do some home improvements?
      • Are you tired of dealing with a big out-of-state lender?

      If you answered “Yes” to any of these questions contact one of our loan officers to discuss your personal situation or call 866-80-LOANS.

       

      Institutional ID # 446767

      Other refinancing considerations

      • Using the equity in your home may have tax deduction advantages.
      • You can "cash-out" a percentage of your home's equity to pay for your children's education or for a major purchase.
      • If you trade your Adjustable Rate Mortgage (ARM) for a fixed rate loan, you will know exactly what the mortgage payment will be for the life of the loan.
      • You can build up equity more quickly by converting to a loan with a shorter term.

       

       

      Institutional ID # 446767