Service for Credit Union MembersVirtually all of the first mortgage loan products described in the "Services" section of this site are available to you as refinance choices. You can refinance your old thirty year mortgage, for example, into a new fifteen year rate and pay your home off in record time. Or you can pay off that old higher rate loan with one of today's low rate ARM products, and reduce your monthly payment. (Keep in mind that this might only make sense if you don't plan to stay in your present home long-term. Consult your MMS loan officer for details and advice.)

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 Refinancing
Refinancing may save you money in the long run