
Mortgage Refinance
Step into a smarter mortgage.
Refinance. Reset. Relax.
Life changes — so can your mortgage. Call Federal helps you reap the rewards of mortgage refinancing with significant savings.
Benefits
Refinance Your Mortgage and Unlock New Opportunities
Free Up Your Budget with Lower Monthly Payments
Reduce your monthly mortgage payment to create more room in your budget while staying on track with your financial goals.
Build Equity Faster with a Shorter Loan Term
Reducing the term of your loan helps you pay off your mortgage sooner and build equity more quickly, saving on interest over time.
Save More by Consolidating Your Debt
Combine your debts into one payment at a lower interest rate to simplify your finances and reduce overall costs.
Upgrade Your Home, Enhance Your Life
Invest in home improvements to create a space where you can live comfortably, laugh often, and love even more
Rates
Term |
Rate1 |
APR2 |
Points |
---|---|---|---|
1Rates posted are indications only and are subject to change without notice. If you wish to lock in your rate, please consult with your mortgage officer. 2APR=Annual Percentage Rate. All rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions. Rates advertised are our lowest offered rates at the time of submission. Your rate may be higher. Loans are subject to approval. Certain restrictions may apply. Rates Effective Date: February 11, 2025. |
|||
Term 30 Year |
Rate1 7.000% |
APR2 7.113% |
Points 0.125 Points |
Term 30 Year (+ Points) |
Rate1 6.500% |
APR2 6.759% |
Points 1.625 Points |
Term 20 Year |
Rate1 6.250% |
APR2 6.603% |
Points 1.750 Points |
Term 15 Year |
Rate1 5.750% |
APR2 6.207% |
Points 1.875 Points |
Term 10 Year |
Rate1 5.375% |
APR2 6.047% |
Points 2 Points |
Estimate your monthly mortgage savings
Enter information about your current mortgage loan and what you’d like to borrow, and we’ll estimate how much you could save refinancing with us.
Calculated payments shown are for estimation purposes only. Actual loan payment amount will be disclosed at loan closing and may differ.
Need a little more information?
Refinancing your mortgage offers several potential benefits, including:
- Lower Monthly Payments: Reduce your financial burden with a better interest rate or extended term.
- Better Interest Rate: Lock in a lower rate to save money over the life of your loan.
- Shorter Loan Term: Pay off your mortgage faster and save on long-term interest.
- Debt Consolidation: Combine high-interest debts into one manageable payment.
- Access to Home Equity: Tap into your home’s equity for renovations, education, or other major expenses.
Refinancing can be a strategic move to better align your mortgage with your financial goals.
Yes, with a cash-out refinance, you can borrow against the equity in your home. This allows you to receive cash at closing, which can be used for home improvements, debt consolidation, education expenses, or other financial needs. Keep in mind that this increases your loan balance and may affect your monthly payment, so it’s important to evaluate your long-term financial goals.
Start Refinancing Today
Call Federal is here to help. Reach out to us today for more information and assistance.
Disclosures
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*Rates posted are indications only and are subject to change without notice. refinance rates displayed are for term refinances only, cash out options are available at adjusted rates. If you wish to lock in your rate, please consult with your mortgage officer. **Payments listed assume: a loan amount of $175,000, property value of $250,000, excellent credit of 740 or greater, no subordinations – no other loans against the property, such as home equity loans or lines of credit and assumes the dwelling is for primary residence use, payment examples only reflect principal and interest payment and excludes escrow (real estate property tax and home owners insurance (aka hazard insurance), which would cause the actual payment to be higher. We do business in accordance with the federal fair housing lending laws.