Refinance Your First Mortgage with a

5/5 Adjustable Rate Mortgage from HRCCU!

With HRCCU's low rate guarantee, you can: 

• Save money- refinance your 1st and 2nd mortgages into one low rate home loan!  

• Use the equity in your home to tackle home improvement projects and consolidate higher interest rate debt!  

*A.P.R. = Annual Percentage Rate.  A.P.R. listed herein is applicable on a 5/5 adjustable rate mortgage (ARM) loan to value (LTV) of less than 50% with HRCCU in first position as lien holder and assumes applicant has a credit score of 730+.  Eligible members must credit qualify and have automatic payments made from an HRCCU share draft checking account.  Checking account must remain active otherwise HRCCU may increase the A.P.R. by .25%.  Annual percentage rate is fixed for 5 years and reprices every five years thereafter.  The A.P.R. cannot increase more than 2% per 5-year adjustment period and not more than 6% over the initial A.P.R. during the life of the loan. Other A.P.R.s and terms available. Rates/terms subject to change without notice.  This loan offer is available on new home loans or existing HRCCU home loans when $10,000+ is added to the existing loan balance.  HRCCU will pay a portion of closing costs up to $1,000 and member will be responsible for any fees over this amount that are not paid by HRCCU. Mortgage tax varies slightly by county but could be estimated at $10 for every $1,000 borrowed. Additional fees, including but not limited to: appraisal; recording; attorney; title; etc. will vary depending on loan amount and type.  Member may qualify for a one time rate relock prior to the expiration of the initial term for a fee of $500.  The relock rate will be the prevailing HRCCU A.P.R. that member qualifies for at time of relock.  The minimum loan amount available is $50,000 and maximum $417,000.  If your home loan is paid off within 60 months, all closing costs paid by HRCCU will be added to the loan payoff amount. Closing costs you may be required to repay are estimated at $2,500 for a $50,000 loan up to $8,000 for a $417,000 loan. NOTE: Home loan financing may be tax deductible. Consult your tax professional about deductibility in your situation.  Rates effective 2/8/11.