- 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
IMPOSTER SCAM ALERT
APGFCU will never contact you unexpectedly by text, email, or phone to request personal or financial information. We also won’t send representatives to your home to collect debit or credit cards or cash.
If you get a message claiming to be from APGFCU that asks for this information, do not respond.
To report a suspicious text or email, click here.
Mortgage Refinance
Mortgage Refinance Solutions for Existing Homeowners
APGFCU offers mortgage refinance options designed to help you save money and achieve your financial goals.
Whether you want a lower interest rate, shorter term, or cash-out options, we make refinancing easy and affordable.
Option 1: Refinance Your Mortgage*
Looking for ways to save on your mortgage? Refinancing with APGFCU can help you lower your interest rate, reduce monthly payments, and even access your home’s equity—all while enjoying exclusive member benefits.
Why Refinance Your Mortgage?
- Lower your interest rate and reduce monthly payments.
- Pay off your mortgage faster with a shorter term.
- Access home equity through cash-out refinancing.
- Consolidate debt into one manageable payment.
Member Exclusive Savings
Save $625 on our Origination Fee when you refinance your current APGFCU mortgage. Start saving from day one!
Option 2: Loan Modification*
Want a lower rate without refinancing? A loan modification allows you to update your mortgage terms while keeping your existing balance and term—no full refinance required.
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
Received a bonus or inheritance? Reamortization lets you apply a lump-sum payment toward your mortgage principal and permanently lower your monthly payment—without refinancing.
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
- 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 criteria.
**Loan must be open for at least 12 months before modifying.