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
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.