Mortgage Refinance
Explore mortgage refinancing with MHV Federal Credit Union to potentially lower your payment, adjust your loan term, or find an option that fits your goals.
home loan, refi
Refinance and save.
Lower your rate, shorten your term, or tap into your equity. A refinance with MHV could mean real savings every month — let’s see what’s possible.
Reasons to refinance
Lower Your Rate:
If rates have dropped since you bought, refinancing could lower your monthly payment; however, it may extend your loan term.
Change Your Term:
Shorten your term to pay off faster, or extend it to lower your payment.
Cash-Out Equity:
Access the equity you’ve built for renovations, debt consolidation, or big expenses.
Switch to Fixed:
Move from an adjustable rate to a stable, predictable fixed rate.
Run the Numbers:
Our team helps you weigh the costs and savings so the math makes sense.
Local Servicing:
Work with a Hudson Valley team from application to closing.
How refinancing works
Review Your Goal
Apply
Appraisal & Review
Close
Meet Our Mortgage Experts
Our mortgage and equity experts will help you put your home’s equity to work for whatever comes next.
Bill Walsh
Branches Covered:
Michael Riger
John Reidy
Denise Quinn
Branches Covered:
Tom McHugh
Dan Lusignan
Guy Greco
Branches Covered:
Rick Farrow
Branches Covered:
Shawn Simmons
Explore all your mortgage options
Whatever stage you’re in, MHV has a home financing path for you.
Common questions about refinance
Refinancing can pay off when rates have dropped, when you want to change your term, or when you want to tap equity. The key is making sure your savings outweigh the closing costs.
A cash-out refinance replaces your mortgage with a larger loan and gives you the difference in cash, using the equity you’ve built in your home.
Refinancing involves closing costs similar to your original mortgage. Our team helps you calculate your break-even point so you can decide with confidence.
It can, depending on the term you choose. You can refinance into a shorter term to pay off faster, or a longer one to lower your monthly payment.