Consider refinancing your mortgageSince mortgage rates began sliding this summer to historic lows, refinancing activity is up nationwide and at Mid American Credit Union.
According to a national trade group, refinancing activity has jumped 70 percent nationally since June.
At Mid American, we remain very competitive with the rates for conventional mortgages. Check out our mortgage rates in the rate box (found in the left-hand member login column).
A number of our members are taking advantage of the lower rates to lower their mortgage terms. Many have an eye toward the future and are trying to pay off mortgages before entering retirement. Some may choose to lower their payments and set aside the difference between their previous mortgage payment and their new one into savings, given the current economy.
If you’re interested in another financial product, Mid American continues to have low rates for home equity or second-mortgage loans. Members can receive a $100 Lowe’s gift card for loans $10,000 or higher, or a $200 gift card for loans $20,000 or higher.
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