Mortgage Refinancing with Third Federal

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Mortgage Refinance
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Mortgage Refinance Rates for December 05, 2019
Cuyahoga County, Ohio
All Mortgage Rates 0 Points
Product Rate APR
5/1 ARM (30 year) 2.94% 3.53%
5/1 ARM (30 year) Low Cost 3.29% 3.60%
5/1 ARM (15 year) 2.84% 3.34%
5/1 ARM (15 year) Low Cost 3.19% 3.45%
Product Rate APR
10 Year Fixed Rate 2.89% 3.07%
10 Year Low Cost Fixed Rate 3.29% 3.33%
Product Rate APR
30 Year Fixed Rate 3.89% 3.96%
15 Year Fixed Rate 3.19% 3.31%
10 Year Fixed Rate 2.89% 3.07%
10 Year Low Cost Fixed Rate 3.29% 3.33%
Product Rate APR
5/1 ARM (10 year) 2.74% 3.03%
5/1 ARM (30 year) 2.94% 3.48%
5/1 ARM (15 year) 2.84% 3.25%
3/1 ARM (30 year) 2.84% 3.56%
3/1 ARM (15 year) 2.74% 3.39%
Need Help Finding Your Solution?

Mortgage Refinance with Third Federal

Did you know we offer several low-rate refinance options, where closing costs can be as little as $295* When closing costs are this low, the break-even calculations are simple. At Third Federal, the rates you see here are the rates you get when you apply for a mortgage loan. Take a look at the chart below to see the refinance mortgage rates in your area.

Mortgage Refinance Rates

 
Mortgage Refinance Rates for December 05, 2019
Cuyahoga County, Ohio
All Mortgage Rates 0 Points
Product Rate APR
5/1 ARM (30 year) 2.94% 3.53%
5/1 ARM (30 year) Low Cost 3.29% 3.60%
5/1 ARM (15 year) 2.84% 3.34%
5/1 ARM (15 year) Low Cost 3.19% 3.45%
Product Rate APR
10 Year Fixed Rate 2.89% 3.07%
10 Year Low Cost Fixed Rate 3.29% 3.33%
Product Rate APR
30 Year Fixed Rate 3.89% 3.96%
15 Year Fixed Rate 3.19% 3.31%
10 Year Fixed Rate 2.89% 3.07%
10 Year Low Cost Fixed Rate 3.29% 3.33%
Product Rate APR
5/1 ARM (10 year) 2.74% 3.03%
5/1 ARM (30 year) 2.94% 3.48%
5/1 ARM (15 year) 2.84% 3.25%
3/1 ARM (30 year) 2.84% 3.56%
3/1 ARM (15 year) 2.74% 3.39%

Why Refinance?

Homeowners refinance for many different reasons – no two situations are the same. Some folks refinance to lower their monthly payment and save money while others want to pay off their mortgage sooner, which also saves money. In other cases, some people want additional cash for family needs and apply for a mortgage refinance to borrow against the equity in their home. It can actually be one of the smartest and most efficient ways to borrow.

Is refinancing right for me?

Keep in mind; it doesn’t always make sense to refinance your mortgage. It depends on your current rate, loan term, the current rate environment, and what your objective is. Experts once said that you should only refinance when you can reduce your rate by 2% or more, but there really isn’t a rule determining when to refinance. Some homeowners use a break even time period, which calculates how long it will take to break even on the cost of refinancing to a lower rate or shorter term. Luckily, Third Federal can help you make this important decision.

Third Federal Advantage

Many lenders advertise “best customer” rates (which only cyborgs with perfect credit qualify for), only to offer you a higher rate once you’ve filled out an application. It’s a classic bait and switch, and its wrong. At Third Federal, we have one rate, even if you want to take cash out. That’s the rate we advertise. And if you qualify, that’s the rate you get. Period.
Borrowers are often shocked by huge closing costs at the end the refinance process. That won’t happen at Third Federal. We offer $295 closing costs on all Smart ARMs and 10-year fixed refinances. We also offer lower closing costs on other loan products.
This lock goes into effect when you apply, because at Third Federal, we believe you shouldn’t have to pay extra just to get enough time to close your loan. Most lenders only offer a 30-day rate lock. If you close after that time period, your rates could go up. 
Most lenders charge higher rates for "jumbo loans" between $484,300 and $1 million. At Third Federal, we offer discounts on jumbo loans. Because we believe big borrowing deserves more bang for their buck, not less.
Looking to refinance? Our HomeReady Mortgage Refinance has no closing costs and rates are about 2.00% APR lower than other refinance programs. To learn more about Community Support or see rates, click here.Click to learn more about Community Support
Many lenders will transfer your loan to another mortgage company, who may transfer it to another and so on, and so on. That can lead to problems. Fortunately, you don't have to worry about that with Third Federal. We service your loan for the life of your loan. And once it's paid off, we make sure it's cleared off your record, too.
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Rated 5 out of 5 by from You have the most competitive rates Kelly was an absolute joy to work with. She was very helpful throughout the entire process. We are repeat customers and will be in the future, I know!
Date published: 2019-12-03
Rated 5 out of 5 by from Great deal, great service My service agent, Amber , did great job. The whole process went well, very happy. The process was all secure and was all done in less than a month . Thank you
Date published: 2019-12-01
Rated 5 out of 5 by from Refinance Very smooth service & process overall with incredible terms
Date published: 2019-11-30
Rated 5 out of 5 by from Refinancing Excellent service fast response. Took much less time than expected.
Date published: 2019-11-29
Rated 5 out of 5 by from Great Rates and Options Very competitive rates and closing costs, especially with the low cost option. Convenient close at home process.
Date published: 2019-11-29
Rated 5 out of 5 by from Low rate Outstanding
Date published: 2019-11-29
Rated 5 out of 5 by from Great service and low rates The process was super easy. From the application all the way to the closing. Wendy was a big help. She did a great job explaining the products and gave us updates throughout. The rates were as low as we could find.
Date published: 2019-11-25
Rated 5 out of 5 by from Great Service Third Fed made the process very easy from beginning to end. This included a non-traditional closing due to health issues. WELL DONE!
Date published: 2019-11-24
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