Mortgage Refinance

If you don’t expect to move soon but want to lower your house payment, pay off your mortgage quicker, or get cash from your home’s equity, refinancing may be the perfect solution.

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

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