Mortgage Refinancing with Third Federal

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Mortgage Refinance
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Mortgage Refinance Rates for September 28, 2020
Cuyahoga County, Ohio
All Mortgage Rates 0 Points
Product Rate APR
5/1 ARM (15 year) 2.34% 2.84%
5/1 ARM (15 year) Low Cost 2.69% 2.95%
5/1 ARM (30 year) 2.44% 3.04%
5/1 ARM (30 year) Low Cost 2.79% 3.10%
Product Rate APR
10 Year Fixed Rate 2.39% 2.56%
10 Year Low Cost Fixed Rate 2.79% 2.83%
Product Rate APR
10 Year Fixed Rate 2.39% 2.56%
10 Year Low Cost Fixed Rate 2.79% 2.83%
15 Year Fixed Rate 2.59% 2.71%
30 Year Fixed Rate 3.09% 3.16%
Product Rate APR
5/1 ARM (10 year) 2.34% 2.61%
3/1 ARM (15 year) 2.14% 2.86%
5/1 ARM (15 year) 2.34% 2.76%
3/1 ARM (30 year) 2.24% 3.05%
5/1 ARM (30 year) 2.44% 2.99%
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 September 28, 2020
Cuyahoga County, Ohio
All Mortgage Rates 0 Points
Product Rate APR
5/1 ARM (30 year) 2.44% 3.04%
5/1 ARM (30 year) Low Cost 2.79% 3.10%
5/1 ARM (15 year) 2.34% 2.84%
5/1 ARM (15 year) Low Cost 2.69% 2.95%
Product Rate APR
10 Year Fixed Rate 2.39% 2.56%
10 Year Low Cost Fixed Rate 2.79% 2.83%
Product Rate APR
30 Year Fixed Rate 3.09% 3.16%
15 Year Fixed Rate 2.59% 2.71%
10 Year Fixed Rate 2.39% 2.56%
10 Year Low Cost Fixed Rate 2.79% 2.83%
Product Rate APR
5/1 ARM (10 year) 2.34% 2.61%
5/1 ARM (30 year) 2.44% 2.99%
5/1 ARM (15 year) 2.34% 2.76%
3/1 ARM (30 year) 2.24% 3.05%
3/1 ARM (15 year) 2.14% 2.86%

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 $510,400 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 Fast, efficient process We took advantage of the much lower rates and refinanced our mortgage. From beginning to end, the process was extremely efficient and low stress. This was particularly welcome during this time of complete uncertainty.
Date published: 2020-09-22
Rated 5 out of 5 by from I will use them again Worked with Rachael and she was amazing! From start to finish was flawless. I kind of had some doubts about online refinancing but, the service I received outstanding.
Date published: 2020-09-21
Rated 5 out of 5 by from Refi Made Easy in Florida Worked with their team to refinance our mortgage from another lender. Fast and professional group all around. I'm from Cleveland so I recognized the S&L from passing it on way to school with founder Ben and Mom on sign. My - have they grown ! Good rates and no hassle.
Date published: 2020-09-21
Rated 5 out of 5 by from LOW COST CLOSING The whole process was simple and saved me lot of money on interest rate.
Date published: 2020-09-20
Rated 5 out of 5 by from Ease of completing process From my first phone call to the closing , everything went smoothly . You make everything easy and everyone was more than helpful . Great customer service , thank you for all of your help .
Date published: 2020-09-20
Rated 5 out of 5 by from Fast & Money Saving Having had a mortgage with Third Federal in the past, we were delighted to see the low rates and product we wanted. The process of applying and closing the loan was easy online.
Date published: 2020-09-20
Rated 5 out of 5 by from Refinancc Rates were lower than competition.
Date published: 2020-09-19
Rated 5 out of 5 by from Low rates, Easy process, Great Service I use Third Federal for all of my mortgage and home equity needs. Their process is simple. The rates are best in class, and the service is great. I have tried a few other places over the years, and nothing compares to Third Federal.
Date published: 2020-09-19
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