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Home Loan Refinance
Home > Borrow > Real Estate Loans > Home Loan Refinance

Take advantage of today’s historically low rates and start saving.

Many factors can change in the years after you take out your original mortgage or home equity loan, and many of them are a good reason to consider home loan refinancing. Our knowledgeable and friendly Refinance Specialists are ready to discuss your refinancing goals and guide you through our quick approval process.

Keep even more money in your pocket with our low to No Closing Costs and No Mortgage Tax.*

Refinancing your home loan from another lender can help you:

START YOUR RAPID REFI. APPLY NOW

InternetActive Calculators™
Refinance Calculator
Current Payment:
Proposed Mortgage
Loan Amount:
Interest Rate:
Number of Years:
Mortgage Closing Costs:
Mortgage Points:

Ask about Refinancing
Completion of this information request form does not constitute a loan application.
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Home Equity Loan Rates
Effective Date: Tuesday, July 14th, 2020
TermAPR* (Fixed Rates as low as)Monthly Payment per $1000
RAPID REFI MORTGAGE 
(1st LIEN-HOLDER POSITION)
5 Year (60 month) 2.80% $17.89
10 Year (120 month) 2.99% $9.66
15 Year (180 month) 3.25% $7.03
20 Year (240 month) 3.75% $5.93
2nd LIEN-HOLDER POSITION
5 Year (60 month) 3.75% $18.36
10 Year (120 month) 4.65% $10.44
15 Year (180 month) 5.45% $8.15
Minimum Loan Amount: $10,000 | Maximum Loan Amount: $350,000 (RAPID REFI MORTGAGE /1st Lien Position), $150,000 (2nd Lien Position)
Maximum Loan to Value (LTV) up to 80%

Home Equity Line of Credit
Premier Plan*Preferred Plan*
2.99% APR
Variable Rate Plan:
3.99% APR
Variable Rate Plan:
Initial rate is discounted for the first 36 months, thereafter prime rate
plus 0% for the life of the loan.
Initial rate is discounted for the first 36 months, thereafter prime rate plus 1.00% for the life of the loan.
Annual interest rate review, 2% annual adjustment cap with a maximum rate of 15.00%, and a floor of 4.00%, except for the introductory rate offered. Annual interest rate review, 2% annual adjustment cap with a maximum rate of 15.00%, and a floor rate of 5.00%, except for the introductory rate offered.

*Current Prime Rate as of March 24, 2020 is 3.25%.

25 Year Repayment Period | 10 Year Draw Period

Minimum Line of Credit Amount: $10,000 | Maximum Line of Credit Amount: $250,000 (1st Lien Position), $125,000 (2nd Lien)
Individual credit qualifications will determine your plan and rate.
Index is the Prime Rate as published in the Wall Street Journal 30 days prior to the anniversary date.


*Closing costs including the New York State Mortgage Tax will be paid by TCT Federal Credit Union on behalf of the borrower on Home Equity Loans and Lines of Credit up to $100,000. This special offer may be withdrawn at any time. Existing TCT loans do not qualify for this special offer.  All Lines of Credit require a minimum initial advance of $10,000. If the HELOC or Home Equity Loan is paid and closed within 3 years of the closing date, the borrower will be required to reimburse the Credit Union for all closing costs paid on their behalf which will be added to the payoff amount of the loan.

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Drive Down Your Rate - Refinance
Refinance Your Student Loans at TCT

“I recently had the pleasure of working with TCT on a home equity loan that consolidated my mortgage, second mortgage, and credit card debt. I now save over $1,100 monthly without extending the remaining time on my mortgage loan. Talk about a lifesaver!”

— William G.

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