Thank you for your interest in refinancing your home equity loan. Rest assured, this is not a complicated process, there are no fees to process your loan, and our goal as a local not-for-profit credit union is to save you money! Just give us a bit of information about you and your home, and we’re off to figure out how we can either reduce your payment, reduce your rate, or both!
Remember, there’s up to $500 waiting for you!* Have a look at the “fine print” and, if your situation meets our guidelines, we’ll do our best to earn your business.
By submitting this information, you are requesting First Northern Credit Union to review information regarding an existing loan you have elsewhere. We'll evaluate whether we may be able to reduce your monthly payment, lower your current interest rate, offer you a cash rebate to refinance your loan, or some combination of the above. You understand that we may review your credit report and you authorize us to do so. Should a determination be made that we may be able to assist you, you will receive a conditional offer explaining what savings/benefits First NorthernCredit Union may offer you. If you act upon our conditional offer, you understand that an application must be completed and then approved by our underwriting staff. Upon approval and completion of any necessary paperwork, the conditional offer will be granted. There is NO COST or obligation to use this service.
*This is a secure online service application. First Northern takes great care to protect your information with full 128 bit encryption - so you can have confidence that this form is every bit as protected as your online banking.
*Open to new memberships during this promotion. To be eligible, you must open a First Northern Savings Account with a minimum deposit of $5.00 and obtain financing through First Northern Credit Union by August 31, 2016. Promotion not valid with any other offer. You must meet credit union lending guidelines. Rate quoted is the lowest rate for highly qualified applicants. Other rates apply for other terms and credit qualifications. Your rate will be determined at the time of your application. Federally Insured by NCUA. Equal housing lender.
Repayment Example: 4.00% APR for 120 months is $10.11 per $1,000 borrowed.
**The Cash Back refinance reward will be deposited into your First Northern Savings Account after the first four payments have been made on time and the payout will be based on the principal loan balance at that time. Cash Back payouts are as follows: Home equity loan amounts between $25,000 and $29,999 will receive $150 cash back. Home equity loan amounts between $30,000 and $39,999 will receive $250 cash back. Home equity loan amounts $40,000+ will receive $500 cash back.