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Refinance your mortgage with confidence

Life changes and your mortgage can too. If you're looking to lower your interest rate, access equity or consolidate debt, refinancing could be a smart financial move. At ACU, we’ll walk you through the process and help you determine if refinancing aligns with your goals.

Mortgage refinancing can be a smart financial move, whether you're looking to lower your interest rate, reduce monthly payments, or access home equity for other goals.

At Assiniboine Credit Union, we offer flexible refinancing options designed to fit your needs—whether you're refinancing your ACU mortgage or considering switching from another financial institution.

With competitive refinance mortgage rates, flexible terms, and expert guidance, ACU helps you make informed decisions that align with your financial future. Explore how refinancing your home loan can provide greater financial stability and help you achieve your long-term goals.

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Ready to refinance?

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Why refinance your mortgage?

Refinancing your mortgage can be a valuable financial strategy as your life evolves and your financial goals change. Over time, your personal circumstances, market conditions and financial aspirations may shift: refinancing offers a flexible solution to help you stay on track. Unforeseen circumstances or opportunities can also prompt you to refinance and adapt your financial commitments to your current needs and goals.

Benefits of refinancing

  1. Lower interest rates
    If market conditions have improved since you first secured your mortgage, refinancing is an opportunity to lock in a lower interest rate, leading to significant savings over time.
  2. Reduce monthly payments
    Refinancing can lower your monthly mortgage payments, giving you extra financial flexibility. 
  3. Access home equity
    If you’ve built up equity in your home, you can borrow against it to access funds when need them.
  4. Switch to a structure that works best for you
    Refinancing allows you to change from variable- to fixed-rate, or vice versa, depending on your current needs.
  5. Shorten your loan term
    If your financial situation has improved and you’re in a position to pay off your mortgage more quickly, refinancing to a shorter loan term could be a great option.
  6. Consolidate debt
    Refinancing can help you consolidate high-interest debt, from credit cards or personal loans, by rolling it into your mortgage at a lower interest rate. This simplifies your finances and lowers your overall interest payments.

Ultimately, refinancing lets you align your mortgage with your current financial needs, offering greater flexibility, lower costs, and a more manageable path toward achieving your goals.

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Choosing the right mortgage refinance option

While most mortgage refinancing options share common elements, the right choice for you depends on your current financial situation, goals and the flexibility you need. Understanding the basics is just the first step. Whether you’re refinancing to lower your payments, access equity or adjust your mortgage terms, having the right financial partner makes all the difference.

At Assiniboine Credit Union, we take a values-driven approach to banking—putting people and communities first. We offer expert advice, flexible refinancing options and personalized support so you can make informed decisions with confidence. Together, we'll find the refinancing solution that fits your current needs and helps you achieve your financial goals.

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Refinancing process overview

  1. Assessment
    Begin by evaluating your current financial situation and goals. Consider factors such as your monthly budget, long-term financial plans, and whether you want to lower your payments, access home equity, or adjust your mortgage term. This helps clarify what you hope to achieve with refinancing.
  2. Speak with an ACU Advisor
    Once you have a sense of your goals, it’s time to speak with an ACU advisor. Our team is here to discuss your options, explain the refinancing process, and guide you toward the best solution based on your unique financial situation. We’ll make sure you’re well-informed every step of the way.
  3. Complete the mortgage refinancing application
    After your conversation with an ACU advisor, you’ll complete a mortgage refinancing application. Our team will assist you in gathering the required documents and ensuring your application is accurate. This is an essential step in determining the terms that will work best for you.
  4. Approval
    After submitting your application, we will assess your financial situation and the terms of your current mortgage. The approval process may involve reviewing documents such as income verification, credit scores, and property appraisals. Once everything is in order, we’ll provide you with a refinancing offer that fits your needs.
  5. Closing
    Once your refinancing application is approved, you’ll proceed to closing. During this step, you’ll sign the necessary paperwork to finalize your new mortgage terms. Any remaining balance from your current mortgage will be paid off, and your new, refinanced mortgage will be in place.

Not an ACU member? Refinance your mortgage with ACU.

If your mortgage is currently with another financial institution, now is a great time to explore refinancing with Assiniboine Credit Union. Whether you're looking for better rates, more flexible terms, or values-based banking, switching to ACU is simple—and we’re here to guide you every step of the way.

Why refinance with ACU?

  • Values-based banking – As a financial co-operative, we are committed to doing what’s right for our members and communities.

  • Personalized service – Our advisors take the time to understand your goals and help you find the right mortgage solution.

  • Flexible options – Competitive rates, a variety of term lengths, and payment flexibility to fit your needs.

  • Local decisions, local support – Our mortgage decisions are made with a deep understanding of our members and the communities we serve.

Become a member today!
Connect with an ACU advisor to explore your options. 

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Have questions? We're here to help.

Whether you're looking for more information or need guidance on your next financial move, our team is ready to support you. Reach out and let us know how we can assist.

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