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rmcu-refinancing

Refinance Your Home Loan

Take advantage of Montana's lowest refinance rates to cash out funds or lower your monthly payment.

Rocky Mountain Credit Union brings the power of local financial partnership to your home refinancing journey. Escape high-interest loans from impersonal banks and enjoy significantly lower rates that save thousands over your loan's lifetime. 

Our streamlined application process eliminates frustrating delays, with decisions made locally by professionals who understand our community's unique needs. As a member-owned credit union, we provide the attentive, personalized service often missing from larger institutions, ensuring you receive guidance tailored to your financial situation at every step.

Choose from a cash-out or streamlined refinance, depending on your financial goals.

Start Your Application

Cash-Out Refinance

How it works: A cash-out refinance converts your home's equity into accessible funds while refinancing your mortgage. You'll replace your current mortgage with a larger loan, receiving the difference in cash while potentially securing a better rate than high-interest alternatives.

Ideal for: Homeowners needing funds for major expenses like renovations, education costs, or debt consolidation.

Streamline Refinance

How it works: A streamlined refinance offers a faster path to a lower interest rate on your existing mortgage with minimal documentation and often no appraisal required. This option typically features reduced closing costs and processing time.

Ideal for: Homeowners with a good payment history seeking a lower interest rate without cash withdrawal.

Frequently Asked Questions About Refinancing Your Mortgage

How soon can you refinance a home loan after purchasing your home?

This typically depends on your lender and your loan type. You can normally refinance for conventional loans immediately after closing, though some lenders require a waiting period. Government-backed loans have specific timeframes: FHA loans require 7 months of payments, VA loans require 6 months, and USDA loans require 12 months. 

When should you refinance your home loan?

Refinancing makes sense when you can lower your interest rate by at least 0.5-1%, significantly reducing your monthly payment. It's also worth considering if you need to switch from an adjustable to a fixed rate, want to tap equity, or can shorten your loan term without drastically increasing payments. Just ensure you'll stay in the home long enough to recoup closing costs that come as part of refinancing. Learn more. 

Your Montana Mortgage Lenders

Emmie Kleppelid

Emmie Kleppelid

Senior Real Estate Loan Officer

 406.447.5336
 Belgrade / Bozeman / Butte / Helena
 ekleppelid@rmcu.net
nmls# 1512405
Kelly Topinka

Kelly Topinka

Real Estate Loan Officer

406.582.6624
Belgrade / Bozeman / Butte / Helena
kelly.topinka@rmcu.net
nmls# 217148
Toni Lake

Toni Lake

Real Estate Department Manager

406.447.1109
Belgrade / Bozeman / Butte / Helena
toni.lake@rmcu.net
nmls# 1744443

Start Your Mortgage Application

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Some restrictions apply. On approved credit. Must qualify for membership. Equal Housing Opportunity Lender. Each account is privately insured up to $250,000 by American Share Insurance.  By members’ choice, this institution is not federally insured. NMLS 585490

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