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Refinance your Home Equity

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Refinancing your Home Equity Line of Credit with UCCU comes with numerous advantages to enhance your financial well-being. By refinancing, you can: 

Secure Lower Interest Rates:

If market conditions have changed since you first obtained your HELOC, refinancing allows you to lock in a lower interest rate, potentially reducing your monthly payments and overall interest expenses. 

Adjust Loan Terms:

Refinancing gives you the option to modify your loan terms, such as extending the repayment period or converting from an adjustable-rate to a fixed-rate HELOC, providing you with greater control over your finances. 

Consolidate Debts:

If you have multiple debts with higher interest rates, refinancing your HELOC can provide an opportunity to consolidate those debts into a single, more manageable payment at a potentially lower interest rate. 

Access Enhanced Services:

By choosing to refinance your HELOC with UCCU, you gain access to our exceptional customer service, personalized guidance, and the support of financial experts dedicated to helping you achieve your goals. 

Streamline Finances:

Simplify your financial management by refinancing your HELOC with UCCU. Consolidating debts and optimizing your loan terms can make it easier to track payments and stay on top of your finances. 

Ready to Refinance Your Home?

Contact a local Home Equity expert at UCCU. They will help determine based on your current situation what your next steps are to refinance your home.

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(801) 223-8188 | Branch Locations

Available M–F 8am–6pm, and Sat. 9am–2pm,

Frequently Asked Questions

What does it mean to refinance a HELOC?

Refinancing a HELOC means replacing your existing Home Equity Line of Credit with a new one, often to secure better terms, lower interest rates, or adjust repayment options.

Can I refinance my adjustable-rate HELOC to a fixed-rate option?

  Yes, UCCU offers the flexibility to refinance your adjustable-rate HELOC to a fixed-rate option, providing you with stability and predictable payments.

Can I use the funds from refinancing to invest in home improvements?

Absolutely! If your financial goals include home improvements, refinancing your HELOC can provide the funds necessary to enhance your property.

Is the refinancing process time-consuming?

   UCCU’s refinancing process is designed to be efficient and streamlined, with our team guiding you through each step to ensure a smooth experience.  Talk to a UCCU expert on time estimations before you begin the refinance process. The timeframe for HELOC refinancing can vary depending on individual circumstances, but our team will work diligently to expedite the process and keep you informed along the way. 

Are there any restrictions on how I can use the funds after refinancing my HELOC?

   Once your HELOC is refinanced with UCCU, you have the same flexibility as before to use the funds for various purposes, just as you did with your original line of credit.