Routing Number 262277189

Is now the time to refinance?

With historic lows in interest rates, now could be the time to refinance your current mortgage. Here are some potential benefits:

Lower Interest Rate - Getting a lower interest rate could reduce your monthly payment.

Build Equity Faster - The lower your interest rate the greater your build up of equity.

Get a Loan Type that Better Meets Your Needs - If you are currently paying a mortgage with an adjustable rate, you may want to consider refinancing to a fixed rate at your Credit Union. In these uncertain times, it may be better to lock in your rate in order to achieve greater piece of mind.

Eliminate PMI. Private Mortgage Insurance (PMI) is required on loan balances that are greater than 80% of the value of your home. Refinancing may reduce the time it takes for you to be eligible to remove PMI or remove it altogether.

lf you are interested in learning if refinancing your mortgage is in your best interest, call the Credit Union at 205-759-1595 or (800) 225-0110 and ask to speak with a Mortgage loan officer or stop by our Home Mortgage Center located at the Jack Warner Branch location.