- Learning Hub
- Free Financial Education
- Security
- College Planning and Education Loans
- Benefit Programs
- Financial Resources for Educators
- Insurance
- Financial Wellness in the Community
- Articles & Resource Library
- Financial Calculators
- IRA - Individual Retirement Accounts
- Overdraft Protection Services
- How to Bank Remotely
- Locations
- Aberdeen Branch
- APG Branch
- Bel Air — Amyclae Branch
- Bel Air — Home Loan Center, Main St. (No ATM)
- Bel Air — Laurel Bush Branch
- Bel Air — Main St. Branch
- Cecil College Branch
- Chesapeake City Branch
- Edgewood Branch
- Elkton Branch
- Fallston Branch
- Forest Hill Branch
- Havre de Grace Branch
- North East Branch
- Rising Sun Branch
- Riverside Branch
- Notary Services
- Dundalk Branch
- Perry Hall Branch
- Cockeysville Branch
Privacy Policy
We and our partners use cookies and other tracking technologies to improve your online experience, prevent fraud, deliver targeted advertising, and support our business operations. By accessing our site, you acknowledge and agree to our Privacy Policy.
Mortgage Refinance
Mortgage Refinance Solutions for Existing Homeowners
APGFCU offers mortgage refinance options designed to lower your interest rate, offer a shorter term or provide access to cash-out options, we make the process clear and affordable.
Plus, as a member, you get special access to our Loan Modification and Reamortization services.
Option 1: Refinance Your Mortgage*
Why Refinance Your Mortgage?
- Lower your interest rate and reduce monthly payments.
- Pay off your mortgage faster with a shorter term.
- Access your home equity through cash-out refinancing.
- Consolidate debt into one manageable payment.
Member Benefits Exclusive Savings
- Save $625 on our Origination Fee when you refinance your existing APGFCU mortgage.**
- Start saving the moment you close.
Option 2: Loan Modification*
Benefits of Loan Modification
- Lower your interest rate without starting a new loan.
- Keep your current balance and term for convenience.
- Quick and cost-effective solution compared to refinancing.
Key Details:
- One-time fee: $500
- Eligible loans: Fixed-Rate or Hybrid ARM
- Frequency: Modify once every 12 months***
- Hybrid ARMs: Available only during the initial fixed-rate period
Option 3: Reamortization
Why Choose Reamortization?
- Reduce monthly payments for the life of your loan.
- Keep your existing interest rate and term—no new loan required.
- Quick and affordable way to save without closing costs.
How It Works:
- Minimum lump-sum payment: $10,000
- In the form of:
- Bonus
- Inheritance
- Misc. lump sum
- In the form of:
- One-time fee: $250
- Eligible loans: Fixed-Rate and Hybrid ARM
Mortgage Refinance FAQs
- How does mortgage refinancing work?
Refinancing replaces your existing mortgage with a new one—usually at a lower interest rate or with different terms. At APGFCU, you can refinance to:
- Reduce your monthly payments.
- Shorten your loan term to pay off your home faster.
- Access your home’s equity through cash-out refinancing. The process includes applying for a new loan, closing on it, and using the funds to pay off your current mortgage.
- What are the benefits of refinancing my mortgage?
Refinancing offers several advantages:
- Lower interest rates to save money over time.
- Reduced monthly payments for better cash flow.
- Faster payoff with a shorter term.
- Cash-out options to fund major expenses.
- Debt consolidation into one manageable payment. Plus, APGFCU members save $625 on the origination fee when refinancing an existing APGFCU mortgage.
- Can I refinance with APGFCU if I already have a mortgage with you?
Yes! In fact, APGFCU offers exclusive savings for members who refinance their current APGFCU mortgage. You’ll save $625 on the origination fee, making it easier to start saving from day one.
Mortgage Disclosures
*Subject to credit and additional approval and interest rate criteria.
**To save $625 on your Origination Fee, your mortgage must be a current APGFCU mortgage.
***Loan must be open for at least 12 months before modifying.