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Mortgage Refinance
We're on the up and up
about lower closing costs.
Mortgage Refinance Rates for July 17, 2019
Cuyahoga County, Ohio
All Mortgage Rates 0 Points
Product Rate APR
5/1 (30 year) Smart Rate 3.14% 4.08%
5/1 (30 year) Low Cost Smart Rate 3.49% 4.15%
5/1 (15 year) Smart Rate 3.04% 3.77%
5/1 (15 year) Low Cost Smart Rate 3.39% 3.88%
Product Rate APR
5/1 (30 year) Low Cost Smart Rate 3.49% 4.15%
5/1 (15 year) Low Cost Smart Rate 3.39% 3.88%
3/1 (30 year) Low Cost Smart Rate 3.34% 4.25%
3/1 (15 year) Low Cost Smart Rate 3.24% 4.04%
10 Year Low Cost Fixed Rate 3.49% 3.53%
Product Rate APR
10 Year Fixed Rate 3.09% 3.27%
10 Year Low Cost Fixed Rate 3.49% 3.53%
Product Rate APR
30 Year Fixed Rate 3.89% 3.96%
15 Year Fixed Rate 3.39% 3.51%
10 Year Fixed Rate 3.09% 3.27%
10 Year Low Cost Fixed Rate 3.49% 3.53%
Product Rate APR
5/1 (10 year) Smart Rate 2.94% 3.36%
5/1 (30 year) Smart Rate 3.14% 4.03%
5/1 (15 year) Smart Rate 3.04% 3.68%
3/1 (30 year) Smart Rate 2.99% 4.17%
3/1 (15 year) Smart Rate 2.89% 3.91%
Need Help Finding Your Solution?

Refinancing with Third Federal

Competitive Rates

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 loan. Take a look at the chart below to see the refinance rates in your area.

Mortgage Refinance

 
Mortgage Refinance Rates for July 17, 2019
Cuyahoga County, Ohio
All Mortgage Rates 0 Points
Product Rate APR
5/1 (30 year) Smart Rate 3.14% 4.08%
5/1 (30 year) Low Cost Smart Rate 3.49% 4.15%
5/1 (15 year) Smart Rate 3.04% 3.77%
5/1 (15 year) Low Cost Smart Rate 3.39% 3.88%
Product Rate APR
5/1 (30 year) Low Cost Smart Rate 3.49% 4.15%
5/1 (15 year) Low Cost Smart Rate 3.39% 3.88%
3/1 (30 year) Low Cost Smart Rate 3.34% 4.25%
3/1 (15 year) Low Cost Smart Rate 3.24% 4.04%
10 Year Low Cost Fixed Rate 3.49% 3.53%
Product Rate APR
10 Year Fixed Rate 3.09% 3.27%
10 Year Low Cost Fixed Rate 3.49% 3.53%
Product Rate APR
30 Year Fixed Rate 3.89% 3.96%
15 Year Fixed Rate 3.39% 3.51%
10 Year Fixed Rate 3.09% 3.27%
10 Year Low Cost Fixed Rate 3.49% 3.53%
Product Rate APR
5/1 (10 year) Smart Rate 2.94% 3.36%
5/1 (30 year) Smart Rate 3.14% 4.03%
5/1 (15 year) Smart Rate 3.04% 3.68%
3/1 (30 year) Smart Rate 2.99% 4.17%
3/1 (15 year) Smart Rate 2.89% 3.91%

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.
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 Great Rates, Great Customer Service The rates and fees were fantastic! The ability to relock when rates drop is also a HUGE benefit. I loved the entire process!
Date published: 2019-07-12
Rated 4 out of 5 by from Very Friendly and Great Service! What availability if you wouldn't have the policy of not. Check deposits on new accounts for 30 days. I had $600 in my checking account but he opened up here in June It did not become available until July 11th.
Date published: 2019-07-12
Rated 5 out of 5 by from No hassle experience We have been through refinancing a few times. This was an amazing experience where transparency, service and time was respected by Third Federal team.You all have taken out the mystery of loan processing and simplified it and LOW RATES.
Date published: 2019-07-12
Rated 5 out of 5 by from Low rates and low cost Rates are low and customer service is excellent
Date published: 2019-07-12
Rated 5 out of 5 by from Low Cost and Agent I could have re-financed with my current lender but they lacked simple and descent customer service.. I researched several new lenders and when I called and spoke with (Drew) H. I was impressed with his knowledge and the fact that he understood what I was looking for. I rarely trust people and over the 3 month process, he did everything he said he would. There were a few absolute items that I needed. I double and triple checked along the way and nothing changed. This is how I do business and I greatly appreciated the honesty, follow up and follow through. Now I have a new loan on my home that I will pay monthly just like always. And as I was told it wont be re-sold every year like my last one. I am very pleased with the the whole process and Happy to have worked with Drew.
Date published: 2019-07-11
Rated 5 out of 5 by from Low rates Costumer service was outstanding
Date published: 2019-07-10
Rated 5 out of 5 by from Refinance Fair rates and good communication and painless approval and close
Date published: 2019-07-08
Rated 5 out of 5 by from Great Products Great rates and great service
Date published: 2019-07-05
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