Mortgage Refinance

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 you can get ahead financially for the short or long term.

• 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
• Use our calculators to figure out your monthly loan payments
• Get more information from our Free Home Financing Guide
• Learn all about our Mortgage Lending Policy
• Our in-house loans are eligible for CoVantage's Loan Interest Rebate program 

With CoVantage Credit Union, you have options to fit your financial situation.

• Refinance up to 93% of the value of your home
• Choose a fixed or adjustable rate over various terms
• Low closing costs