Mortgage Refinance

Refinance and save with an HVCU mortgage.

Why You Should Consider Refinancing Your Mortgage

If you plan to remain in your home for several years, there are a few good reasons to consider a mortgage refinance:

Consolidating Debt 

With a cash-out refinance, you can choose to borrow against the equity in your home. You may benefit from combining an existing home equity loan or line of credit, or other high-interest debt you have into one affordable monthly payment. 

Quick Tip – Check with a tax expert to see if the interest is tax deductible.

Reducing Your Term

Another good reason to consider a refinance is to shorten the term of the mortgage. If you have a mortgage with a high interest rate and a payment you can easily afford, consider refinancing into a shorter term. You may be able to pay off your loan in less time without changing your monthly payment much at all. 

Quick Tip – If you currently have a mortgage with HVCU, it can be MUCH more affordable to refinance - and stick with us. You'll only pay mortgage tax on new money above and beyond your current mortgage balance.

Lowering Your Rate 

Refinancing your mortgage at a lower rate could save you hundreds each month. 

Quick Tip – If you’re thinking of refinancing, be aware of when rates are going up or down so that you can lock in the lowest possible rate.

Local Servicing

At HVCU, we service all of our mortgage loans, including refinances. That’s not always the case elsewhere, as some mortgage lenders sell their loans to third-party providers, which can make it difficult to obtain information and support when needed. 

Quick Tip – No matter what questions you have, or assistance you may need, we’re here to help.

Speak to an Expert About Your Refinancing Options

If you would like to have one of our seasoned Mortgage Loan Officers reach out to you to discuss your refinancing options, please provide us the following:

We Are Here To Help

Important Legal Disclosures & Information

For complaints and inquiries concerning your mortgage or home equity, please share your experience with us. You may also contact the New York State Department of Financial Services Consumer Assistance Unit at 800.342.3736 or by visiting the Department's website at

The tools and calculators on the HVCU website are provided for educational and illustrative purposes only. The accuracy of the calculations and their applicability to your financial circumstances are not guaranteed. HVCU does not provide tax, legal, accounting, financial, investment or other professional advice. The tools and calculators should not be used as a substitute for tax, legal, accounting, financial, investment or other professional advice. Your use of the tools or calculators does not assure the availability of, or your eligibility for, any specific product offered by HVCU or its affiliates. The terms and conditions of specific products may differ and affect the results obtained by using these tools and calculators. All financing is subject to credit approval. The default figures, amounts and information shown in the tools and calculators are hypothetical and may not be applicable to you. Please consult with qualified professionals to discuss your particular situation.