Home >> Real Estate Center >> Shorter-term Mortgages >> Refinancing Your Home

Home Refinancing

Refinancing Your Home Refinancing Your Home

Refinancing your home with Randolph-Brooks can save you time and money with the following features:

  • Low down payment – put as little as 5 percent down
  • Private Mortgage Insurance (PMI)* or a second mortgage (piggyback) may be required if your equity in the property is less than 20%
  • Low closing costs
  • Automatic 60-day rate lock on terms of 15 years or less
  • Term options up to 15 years
  • Can pay a discount point to reduce rate
  • Save money by possibly reducing your interest rate
  • Manage your own escrow, if you prefer
  • Choose the payment option that best fits your budget – select from monthly, biweekly, or semimonthly payments
  • No prepayment penalties
  • Arrange for automatic payment

Download our refinancing application (415K or approx. 3 min. download using dial-up. Requires Adobe® Reader® V5.0+).

Loans subject to credit approval. Rates and terms subject to change without notice. RBFCU mortgage loans are available only on property in Texas.

* Loans requiring PMI or piggyback financing are subject to additional qualifications, are limited to your primary residence and may require a larger down payment.

Lender licensed by the National Mortgage Licensing System under registration number 583215.