How a Mortgage Refi Can Save You Money

Why Should I Refinance?

Swapping your old mortgage with a new one can help you save money—and in plenty of ways. Our experts are ready and waiting to guide you through your options and help you make the right move for your specific situation.

Reduce Your Rate

Lower your rate and pay less for your home over the life of your mortgage.

Lower Your Payments

Shrink your mortgage payments and put more money back in your pocket every month.

Shorten Your Term

Shortening your loan term might increase your monthly payment, but it could give you long-term savings as you pay less in interest for fewer years.

Save Time and Effort

Our process is fast, easy and simple—and our lending experts always have your best interest in mind.

Get Started

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Connect with a Mortgage Loan Officer

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**Lowest Closing Cost Commitment is available only for first mortgage purchase or refinance transactions. Offer excludes VA, FHA, WHEDA, Rapid Refinance, jumbo, lot and construction loans. Offer subject to credit approval. To qualify for the offer, a borrower must complete a UW Credit Union mortgage application and provide an unexpired Loan Estimate of an equivalent loan from a competing lender prior to locking either loan. UW Credit Union will determine at its sole discretion if the loan terms of the two loans are equivalent and compare closing costs. The comparison of closing costs will exclude title insurance, transfer tax, escrow payments, daily interest charges and loan level pricing adjustment (LLPA) fees. LLPAs represented as origination points or fees are also excluded. UW Credit Union will determine whether to match closing costs or pay $500 for qualified borrowers at its sole discretion. Offer not valid if loan terms or conditions change prior to loan closing with UW Credit Union or competing lender. UW Credit Union will not compare closing costs for this offer once a mortgage loan is locked with UW Credit Union or a competing lender. Membership requirements apply. Member must have a qualifying UW Credit Union checking account to receive $500, which will be deposited into member’s Premium, Value or Access checking account within 90 days after receiving a copy of the (1) final Closing Disclosure and Settlement Statement and (2) mortgage note within 30 calendar days of closing the loan with a competing lender. By law, $500 must be reported for tax purposes. Offer subject to change and without notice. 

¹Membership requirements apply. Offer valid on home purchase and refinance loan closings. Credit will be calculated on actual cost, excluding owner’s title and transfer tax fees, and will be reflected on the Closing Disclosure (CD). The credit will be applied at closing as a lender credit and reflected on the CD. Offer valid for both purchase and refinance transactions. Offer excludes VA, FHA, WHEDA, lot, construction, and Rapid Refinance loans. Offer is subject to credit approval and underwriting and is subject to change without notice. Mortgage insurance is required for transactions over 80% LTV. This offer requires an established UW Credit Union checking account. Offer may be combined with $250 Closing Cost Credit offer for Premium Checking accountholders for a maximum credit of $750, but may not be combined with any other offers. Actual closing cost credit may be limited as the combined total of seller credits and lender credits cannot exceed the actual amount of closing costs, prepaid interest, and escrow reserves; please review the allowable credits for your specific transaction with your loan officer. Contact us for details.

²Membership requirements apply. Member must have a UW Credit Union Premium checking account opened at least 20 days prior to closing date to receive up to a $250 closing credit, which will appear as a credit on the final Closing Disclosure. Credit will be calculated on actual cost, excluding owner’s title and transfer tax fees, and will be reflected on the Closing Disclosure (CD). Offer subject to change and without notice. Offer may be combined with First-Time Homebuyer Discount for a maximum credit of $1,250, or it may be combined with $500 Closing Cost Credit for a maximum credit of $750, but may not be combined with any other offers. Offer valid for both purchase and refinance transactions. Offer is not available for the following loan types: lot, construction, WHEDA, FHA, VA, and Rapid Refinance. Contact us for details.

³Rapid Refinance has a processing fee due at closing that varies by property location: Wisconsin $149, Illinois $495, Minnesota $795. Must be a primary residence and owner-occupied home. Maximum loan amount is $399,900 and maximum loan-to-value is 70%. Other closing costs are waived, except for the appraisal cost if required. Appraisal costs range from $400 to $800 depending on the loan amount, property type, and property location. Homeowner's insurance is required. If less than 24 months have elapsed since last Rapid Refinance, a $795 modification fee will apply.

Save with a Refinance

Why Should I Refinance?

Reduce Your Rate

Lower Your Payments

Shorten Your Term

Save Time and Effort

The Lowest Closing Costs + More Discounts

Don’t bother shopping around for the lowest closing costs. They’re right here.

Find Your Best Option

Traditional Refi

Rapid Refi

Jumbo Refi

Get Started

Have questions or need more help?