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Refinance

New Rate
New Savings

  • Know Your Rate

    See where today's refinance rates stand before you commit to anything.

  • Calculate Your Savings

    Run the numbers on a lower rate or shorter term before you apply.

  • Understand Your Costs

    Closing costs and break-even timelines, explained upfront.

  • Talk To A Mortgage Mentor

    Get a second opinion on whether refinancing makes sense right now.

Refinance Your Mortgage

A mortgage refinance through AACU can lower your rate, reduce your monthly payment, or turn home equity into cash for other goals.

Lowering Your Payment

Rate-and-Term Refinance

A rate-and-term refinance replaces your current mortgage with new terms, without changing your loan balance. It's the most direct route to a lower rate or a shorter payoff timeline. 

Most members choose this option when today's rates sit meaningfully below what they're currently paying, or when they want to move from a 30-year to a 15-year term.

No cash out, lower complexity

Fastest path to a better rate

Apply Now Find A Mortgage Loan Officer

Not Sure If Refinancing Is Worth It?

A quick conversation can save you from guessing. Share your current rate and balance, and a Mortgage Mentor will tell you honestly whether refinancing makes sense for your situation, no pressure either way.

Talk to a Mortgage Loan Officer
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More Resources Before You Apply

Check today's rates, run your numbers with a refinance calculator, or read up on how refinancing works before you take the next step.

Review Calculators

Refinance - AACU Refinance FAQs

Refinancing typically makes sense when current rates sit meaningfully below your existing mortgage rate, or when you need to access home equity for a large expense. The AACU team can run the numbers against your specific loan. Compare Home Equity Loans if you only need to borrow a smaller amount instead.

Refinance closing costs generally run a percentage of your loan amount, covering appraisal, origination, and title fees. AACU discloses these costs upfront so you can calculate your break-even point before committing. Compare a Swing Loan if you're managing a home sale at the same time.
A cash-out refinance lets you roll higher-interest debt into your mortgage at a potentially lower rate, consolidating multiple payments into one. This works best when the new mortgage rate beats your current debt's interest rate. Compare Personal Loans for smaller debt consolidation needs instead.
Savings from refinancing depend on your current rate, new rate, remaining loan balance, and closing costs, all of which a mortgage loan officer can calculate together. Even a small rate reduction can add up significantly over a 30-year term. Check your eligibility before starting a refinance application.
Most refinances require a new home appraisal to confirm current market value, which factors into your loan-to-value ratio and available terms. Certain streamline programs may waive this requirement depending on loan type. Compare VA Loans if a VA IRRRL refinance fits your situation better.

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