Refinance Loan

Making your mortgage work for you

Refinancing is a practical financing option that can offer you long-term rewards. Whether you want to lower your monthly payment, borrow against the equity in your home to get cash, or both, Stanford FCU is here to help.

Please speak with a Mortgage Consultant for details on all of our loan products.


Understanding Home Loans

Learn the ins and outs of mortgage loans, whether you’re a first-time homebuyer or considering a refinance.


Is refinancing the right option for you?

There are many factors to consider — your financial goals, the size of your loan, the value of your home and the interest rates of your existing loan and new mortgage. Some other important questions to ask are: How much will my payment go down? What are the costs associated with refinancing my mortgage? Will I have to pay points? What about settlement costs?

The length of time you plan to stay in your home is another factor to consider when refinancing. If you’re planning to move in a year or two, paying upfront fees may not be the best idea. The savings in your monthly payment may not be enough to offset your initial investment. As a rule of thumb, most mortgages have $1,500 – $4,000 in associated closing costs.

Features and Benefits:

  • Fixed Rate Home Loans (fixed-rate loans are available in all states, with limitations on maximum loan amounts)
  • Adjustable Rate Home Loans (ARM)
  • Jumbo Home Loans
  • Other Home Loan Options to meet your needs
  • Competitive rates
  • Low fees (no junk fees)
  • Flexible terms
  • Knowledgeable Mortgage Consultants
  • Local processing – right here in Palo Alto
  • Refinance Home Loans outside California
  • Membership Rewards Benefits

A simple idea that could mean huge savings for you!

Stanford FCU can help you build equity faster, own your home free-and-clear sooner, and save thousands of dollars in interest. Ask your Stanford FCU Mortgage Consultant about our bi-weekly payment program.


The home loan rate is one of the most important factors in buying a home. Besides the amount of the loan, the factor that most affects the affordability of your home loan is the interest rate you pay on your loan. Your monthly mortgage payment includes: (1) the interest you owe on your outstanding loan balance and (2) a portion of the principal itself, which reduces the remaining loan balance. The lower the interest rate, the lower your monthly payment. Consider that a one-percentage point difference in mortgage rates can translate to a 10% difference in the monthly mortgage payment. Since rates fluctuate daily depending on many economic factors, we encourage you to check rates frequently, to determine how much you can afford.


Click here to see our current Mortgage rates.


All members are required to have a $5 membership share balance in any of the following accounts: Checking Account, Savings Account, Money Market Account, Share Certificate or Individual Retirement Account.

Home Mortgage Disclosure Act (HMDA) Notice

The HMDA data about our residential mortgage lending are available online for review The data show geographic distribution of loans and applications; ethnicity, race, sex, age, and income of applicants and borrowers; and information about loan approvals and denials. Click here to view.
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