Richfield Springs Branch Now Open!
Falling Snowmobile Rates!
During the months of November, December, and January, Remington Federal Credit Union is offering rates as low as 4.5% on snowmobile financing. Apply online at Remingtonfcu.com, or at one of our locations in Ilion and Richfield Springs.
Why Pay More for Your Car Loan?
At Remington Federal Credit Union, you'll save with our super low rates on new and used autos. Refinance or purchase, we can save you money with rates as low as 2.79%. You'll also enjoy a variety of value-based benefits so you can hit the road fast and save money too.
Apply online, by phone or stop in and see a customer service representative today.
Why should I refinance and when
does it pay to do so?
There are several reasons to refinance your home:
- To lower the interest rate on your mortgage, reducing your monthly payments and overall cost;
- To reduce the term or length of your loan, doing so can save you thousands of dollars in interest;
- To provide a means of consolidating your debt.
All of these are excellent reasons to pursue refinancing, but several issues should be considered first.
Refinancing is similar to the process you encountered when you closed on your first mortgage. It requires an application, credit check, new survey and title search, as well as an appraisal and inspection fees. As you know, this process can be quite lengthy and expensive.
As a rule of thumb, it pays to refinance if you can get an interest rate at least two percentage points lower than what you are currently paying. However, every situation is different. Some lenders* are offering reduced fees or no points. Asking yourself a few questions may help you determine if you can save money:
- How much can I lower my current monthly payment?
- How long do I plan to stay in the house after I refinance?
- How much will I pay in refinancing costs?
Next, figure out what you still owe on the house, how much you're paying each month, and how much you initially paid for the house. Itemize all the expenses of the refinance and estimate your new monthly payments. With this, you can figure out where you break even and when you begin saving money.
Click Here to use our Mortgage Refinancing Worksheet that will help you through this process.
Liberty Insurance Company
For all of your home and auto needs, Liberty Insurance Company will give you an additional discount for being a member of Remington Federal Credit Union.
