Furlough Alert
If your income has been affected by the government shutdown, we may be able to help. Please contact Kim Keizer at kkeizer@mhvfcu.com.
Refinance Your Mortgage
Take advantage of today’s refinance rates to lower your monthly payment.
Our Mortgage Refinance Experts Will Guide you Along the way
Over 100 years of combined experience
Our mortgage team can help determine if a lower payment or shorter term is right for you, whether now is the best time to refinance, how much you could save over the life of your loan, and lastly recommend a lending solution that best fits your needs.
Payoff Your Loan Faster & Save
Some members want to speed up their mortgage payoff thereby saving thousands of dollars in interest over the life of their mortgage.
Payoff Debt
You can consolidate your monthly debt payments with a Mortgage Refinance and make one low monthly payment instead of several. You’ll likely pay less overall each month and save with a lower rate. Plus, unlike credit card interest, the interest on your mortgage is usually tax deductible.**
The Path to Refinancing Starts in 4 Simple Steps
Rates Current as of 1/23/2019
Step 2
Calculate Your Monthly Savings
Step 3
Prepare for Your Refinance
Credit Score
Your credit score is a mathematical assessment of the likelihood you will repay what you borrow. It is based on the information in your credit report, which tracks how well you pay and manage bills. Creditors typically check your score when deciding whether or not to approve your loan application and what interest rate to charge if you are approved. Scores range from 300 to 850, with a higher score being indicative of less risk.
Get Prepared: We recommend you check your credit report before applying for your Mortgage Refinance by visiting
www.annualcreditreport.com.
Bonus: Your membership includes complimentary access to Financial Counselors that can review your credit report and answer questions about credit scoring, building a strong credit history and correcting any inaccuracies that appear. To speak with a counselor, call toll-free
888.456.2227.
Estimate Your Home’s Value
A home appraisal is an unbiased estimate of the (fair market) value of your home. This protects homeowners from borrowing too much against the value of the home and from the risk of getting into financial trouble. It also protects the lender from loaning too much against the value of the home.
Get Prepared: Click
here to obtain an estimated value of your home before applying for your Mortgage Refinance.
Step 4
Apply to Refinance Your Mortgage
See What the Mid-Hudson Valley has to say About us
The staff is friendly and extremely helpful. They go the extra mile whenever I have any questions or concerns. I transferred my accounts from other banks to MHV without a hitch. I always feel very welcome when I stop in branch.
Kathryn M.
They are all very kind. They are all very efficient. The place and the atmosphere is always pleasant.
Caritina Rivera
Frequently Asked Questions