Mortgage Loans
Mortgage Refinance
If you're not planning to move soon but want to lower your monthly mortgage payments, pay off your mortgage faster, or tap into your home's equity, refinancing might be the perfect solution for you.
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
- Use our calculators to figure out your monthly loan payments
- Get more information from our Free Home Financing Guide
- Our in-house loans are eligible for CoVantage's Loan Interest Rebate Program
- Learn all about our Mortgage Lending Policy
- Find out what documents are needed when applying for a home loan
Fixed-Rate Mortgage Rates
| Rate | Term | APR As Low As | Monthly Payment Per $1000 |
|---|---|---|---|
| 5.750% | 5 Year | 6.310% | 19.22 |
| 5.750% | 10 Year | 6.047% | 10.98 |
| 5.750% | 12 Year | 6.003% | 9.63 |
| 6.125% | 15 Year | 6.337% | 8.51 |
| 6.375% | 20 Year | 6.545% | 7.38 |
Apply today with our MyCoVantage Mortgage mobile app
Simplify the mortgage application process with our easy-to-use app. Connect with a lender, upload documents, and stay updated along the way throughout the home loan journey.
Additional Resources
10 Ways to Make a House YOUR Home
- February 16, 2024
- Lindsey Mueller, Community Outreach Officer
The 10 Budgeting Basics
- February 16, 2024
- Lindsey Mueller, Community Outreach Officer
