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HOLIDAY CLOSURE: All TCT Branches will be closed Saturday, May 28, and Monday, May 30 for Memorial Day. You can do many banking transactions including deposit checks and make a loan payment online, visit DIY Banking.

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

Refinance like a Pro.

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. Whether you're looking to reduce your monthly payment, lock in a lower interest rate, switch from an adjustable-rate to a fixed rate for more stability or vice versa, to realize the advantages of an adjustable-rate,  borrow additional funds for a new project, or shorten or extend payoff terms, our knowledgeable and friendly Refinance Specialists are ready to discuss your goals and guide you through our Rapid Refi process.

Plus, we're currently offering No Closing Costs up to $100,000*

Existing TCT Loans do not qualify for this special offer.

Start your Rapid Refi today!


Home Equity Loan Rates
Effective Date: Saturday, May 21st, 2022
TermAPR* (Fixed Rates as low as)Monthly Payment per $1000
5 Year (60 month) 3.00% $17.97
10 Year (120 month) 3.25% $9.78
15 Year (180 month) 3.50% $7.15
20 Year (240 month) 4.00% $6.07
5 Year (60 month) 4.25% $18.54
10 Year (120 month) 5.15% $10.69
15 Year (180 month) 5.95% $8.42
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 May 4, 2022 is 4.00%.

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.

See how refinancing can help you reduce your monthly payment or pay off your loan sooner! 


Ask about Refinancing
Completion of this information request form does not constitute a loan application.
* Required Fields
TCT Branch Location of Preference:
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*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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“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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