Mortgage Refinancing with Third Federal
Mortgage Refinance with Third Federal
Did you know we offer several low-rate refinance options, where closing costs can be as little as $495. When closing costs are this low, the break-even calculations are simple. At Third Federal, the rates you see here are the rates you get when you apply for a mortgage loan. Take a look at the chart below to see the refinance mortgage rates in your area
Mortgage Refinance Rates
| Product | Rate | APR |
|---|---|---|
| 5/1 ARM (30 year) | 6.250% | 6.446% |
| 5/1 ARM (15 year) | 6.190% | 6.387% |
| Product | Rate | APR |
|---|---|---|
| 30 Year Low Cost Fixed Rate | 6.950% | 6.964% |
| 15 Year Low Cost Fixed Rate | 6.440% | 6.462% |
| 10 Year Low Cost Fixed Rate | 6.440% | 6.471% |
| 5/1 ARM (30 year) Low Cost | 6.700% | 6.594% |
| 5/1 ARM (15 year) Low Cost | 6.640% | 6.607% |
| 3/1 ARM (15 year) Low Cost | 6.390% | 6.477% |
| Product | Rate | APR |
|---|---|---|
| 10 Year Fixed Rate | 5.940% | 6.046% |
| Product | Rate | APR |
|---|---|---|
| 5/1 ARM (30 year) | 6.250% | 6.418% |
| 3/1 ARM (30 year) | 5.990% | 6.387% |
| 5/1 ARM (15 year) | 6.190% | 6.341% |
| 3/1 ARM (15 year) | 5.940% | 6.302% |
| 30 Year Fixed Rate | 6.500% | 6.518% |
| 15 Year Fixed Rate | 5.990% | 6.019% |
Why Refinance?
Homeowners refinance for many different reasons – no two situations are the same. Some folks refinance to lower their monthly payment and save money while others want to pay off their mortgage sooner, which also saves money. In other cases, some people want additional cash for family needs and apply for a mortgage refinance to borrow against the equity in their home. It can actually be one of the smartest and most efficient ways to borrow.
Is refinancing right for me?
Keep in mind; it doesn’t always make sense to refinance your mortgage. It depends on your current rate, loan term, the current rate environment, and what your objective is. Experts once said that you should only refinance when you can reduce your rate by 2% or more, but there really isn’t a rule determining when to refinance. Some homeowners use a break even time period, which calculates how long it will take to break even on the cost of refinancing to a lower rate or shorter term. Luckily, Third Federal can help you make this important decision.
Third Federal Advantage
Low Closing Costs Options More Info
Because you shouldn’t need a loan to close one.
Free 60-Day Standard Rate Lock More Info
Third Federal understands you’re busy. That’s why we offer a 60-day rate lock. (Twice the time compared to most other lenders.)
Community Development Lending More Info
Looking To Refinance?
We Service 100% of our Conforming Loans More Info
That means you'll have one place to send your mortgage payments and one number to dial for service.
Many lenders will transfer your loan to another mortgage company, who may transfer it to another and so on, and so on. Fortunately, you don't have to worry about that with Third Federal. We service your loan for the life of your loan. And once it's paid off, we make sure it's cleared off your record, too.
Loading Reviews...Application Center
Our Rate Relock feature rocks!
It allows you to relock your rate to our current rate without the hassle of a traditional refinance.
Learn MoreLearn more about rate relock
