Interest rates
Reducing your monthly mortgage payments by securing a lower interest rate than your current loan is a good reason to refinance.
Generally speaking, if your current rate is 1% higher than market rates, you should consider refinancing.
Why refinance with SF Fire?
| As low as | Low | Discounted |
| 5% | Fees | Rate |
| Down1 | and closing costs | Options |
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As low as
5%
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Low
Fees
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Discounted
Rate
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Refinance and get the mortgage you deserve
If you’re looking to save money on your mortgage, our great rates and member-first service make us the best choice for refinancing your mortgage.
But remember, refinancing your mortgage is a process that takes just as much time and effort as applying for one in the first place, so you shouldn’t make the decision lightly.
4 things to consider
Break even point
This is the point in time when you will actually start to save money, the point in time after you’ve recovered the money you spent in refinance costs.
Ideally, your break-even point will be within two years of your refinance date.
Equity in your home
If the down payment you made when you purchased your home was less than 20%, your monthly mortgage payments include Private Mortgage Insurance (PMI).
However, if you’ve built up enough home equity to cover that 20%, you can eliminate PMI and reduce your monthly payments.
Your credit score
One of the first things you should do before considering a refinance is to check your credit score.
Your FICO credit score weighs heavily in determining the interest rate you qualify for. If you’ve improved your score since you took out your mortgage, you may qualify for a lower interest rate.
How it works
Step 1:
Get prequalified
Thinking about buying a home? Get pre-qualified to expedite the process.
Step 2:
Find your dream home
We have the tools and resources to help you get started.
Flat fee services
We have a $995 flat fee2 for fixed rate or adjustable mortgages
Flat fee services include:
- Credit report fee
- Flood certificate fee
- Tax service fee
- Document prep fee
- Processing fee
- Underwriting fee
Flat fee services do not include:
- Appraisal
- Appraisal rush fee (to expedite appraisal order)
- Title policy
- Title courier fee
- Title notary fee
- Title settlement & escrow fee
- Home owners association certificate fee (for condominium properties)
- Fees/policies not exclusively listed under flat fee services
