Refinance Your Home Loan and Save

Get a personalized loan estimate.

Why Refinance Your Home Loan?

Refinancing your mortgage can be a smart way to save money, reduce your monthly payment, or pay off your home faster. At Service Credit Union, we make the process simple, transparent and designed with your goals in mind.

Refinancing could help you:

Lower your interest rate – Reduce your monthly payment and save on interest over the life of your loan.
Shorten your loan term – Pay off your mortgage faster and build equity sooner.
Switch loan types – Move from an adjustable-rate mortgage (ARM) to a fixed-rate loan or vice versa.
Tap into your home equity – Use cash-out refinancing to fund home improvements, consolidate debt or cover other expenses.

Check Your Rate

Mortgage Refinance FAQs

What documents are required?

You will need proof of income, assets, savings, and details on your current mortgage.

Will refinancing impact my credit score?

Yes, it involves a hard credit check, which may cause a temporary dip in your score.

How long does the process take?

The process is similar to buying a home and can take several weeks, often 30 days or less.

Do I have to use my current lender?

No. You can shop around with multiple lenders to get the best rate.

What is a "cash-out" refinance?

A loan for more than you owe, allowing you to take the difference in cash, often used for home improvements or debt consolidation.

Are there fees associated with refinancing?

On average, refinances cost about 2–6% of the loan amount, but the exact number depends on the loan size, property, and structure of the deal.

Will I have to close again?

Yes. Once approved, we’ll schedule your closing and get your refinanced mortgage in place.

How do I get started?

Start by deciding what you want to achieve with refinancing, whether that’s lowering your monthly payment, shortening your loan term, or accessing cash from your home’s equity. From there, you can submit an application or connect directly with a Real Estate Loan Specialist, who can walk you through your options, required documentation and next steps.

Start Your Refinance Today

Ready to see how refinancing can benefit you? Contact us to get started or explore your options.

Check Your Rate

^*Advertised new rate of 5.976% APR and new payment amount of $1,932 is based on 5/6 Adjustable Rate Mortgage (ARM) at a 5.25% interest and 5.976% APR for a $350,000 loan. Example assumes purchase price is $500,000 and there is a down payment of $150,000. Rate is fixed for the first five years, then subject to change based on the terms of your loan contract. The interest on this mortgage can change, including increase, after consummation. Your actual payments will be based on market conditions at the time of interest rate changes per the terms of your loan agreement. Taxes and insurance are not included. Actual payment obligation will be greater. The values shown assume the loan is for the purchase of a single family residence that will be used as a primary residence and that the applicant has a credit score of 785 or higher. All loans subject to credit approval and sufficient collateral. Origination fee of $675 applies. Rates effective 5/14/2026 and are subject to change.