Mortgage Loans

Mortgage Refinance

If you want to lower your monthly mortgage payments, pay off your mortgage faster, or tap into your home's equity, refinancing might be the solution.

Mortgage refinancing is replacing your existing home loan with a new one.

There are multiple reasons why you might benefit from refinancing your current mortgage. See how CoVantage Credit Union can help Wisconsin, Michigan, and Illinois borrowers get ahead financially for the short or long term.

Refinance up to 93% of the value of your home
Choose a fixed or adjustable rate over various terms
Low closing costs
A small rate reduction can lower the amount of interest paid over the life of the loan
Refinance to a shorter term and pay off your mortgage sooner
Getting a lower rate or refinancing to a longer term can lower your monthly payment
Use the equity you’ve built from your home to take cash out for another purpose
Our in-house loans are eligible for CoVantage's Loan Interest Rebate Program

Fixed-Rate Mortgage Rates

Effective Date: July 9, 2025
Rate Term APR As Low As Monthly Payment Per $1000
5.375%5 Year5.375%19.04
5.375%10 Year5.375%10.79
5.375%12 Year5.375%9.44
6.125%15 Year6.125%8.51
6.500%20 Year6.500%7.46

Additional Resources

Mortgage

We will MEET or BEAT any 30-Year Fixed Rate Mortgage Offer!

When you trust CoVantage with your home financing, you can be assured that you will always get outstanding value. We’re so confident that our rates and terms are great, that we will meet or beat any other 30 year fixed rate offer.