Better Banking. Better Lives.

Thinking About Refinancing?

Mortgage Refinance - 2016The Time Is Now!

Home loan interest rates have been incredibly low for the last several years, but that may be changing soon. If you’ve been thinking about refinancing your mortgage, this may be your best opportunity to get a great deal.¹

What could refinancing do for you?

  • Save Money – By taking advantage of a lower rate you could reduce your monthly payment amount and save thousands of dollars. Use the savings to invest or spend on other important budget categories.
  • Stablize Your Budget – If your current loan carries an adjustable rate, you could face significantly higher payments as rates increase. Refinance to a fixed rate now to keep your monthly payments affordable.
  • Cash Out Home Equity – If you have been in your home long enough to build up equity, refinancing could let you use the equity to consolidate other high-interest rate loans, pay for educational expenses, or renovate your home.

Why is now a good time to refinance?

  • You could save tens of thousands of dollars by refinancing at lower rates. The amount you save will shrink if you finance after rates have started rising.
  • As rates go up, there is likely to be a large increase in the number of people trying to refinance and avoiding the rush will help you get the lowest rates.

If you’re ready to start saving money on your home loan, HOPE is ready to help. Our mortgage lenders will work to find your best option to keep more money in your pocket.

Contact your closest mortgage originator or stop by a branch to learn more.

¹Loans subject to credit approval

 

Featured Stories

Hope Credit Union Expands into Southwest Little Rock

LITTLE ROCK, AR – Hope Enterprise Corporation and Hope Credit Union (HOPE) celebrated the grand opening of its newest location at 8411 Interstate 30 in Southwest Little Rock on Thursday, June 2. The new full service location expands on HOPE’s existing presence, a program office housing a commercial lender since 2006 and a branch in College Station since 2008, and offers area residents access to checking and savings accounts, auto loans and credit cards, mortgages and small business loans. Anyone who supports the mission of HOPE, to improve the quality of life for low-income and low-wealth individuals in the Mid South, may join the credit union to take advantage of the benefits of membership. “We are excited to open our newest branch in Southwest Little Rock, a diverse and growing community filled with opportunity,” said HOPE CEO Bill Bynum. “We are grateful to our long time partners the Winthrop Rockefeller Foundation, NeighborWorks® America and Regions Bank for their ongoing generosity and support to make this day possible.” Since 2008, HOPE has expanded from 7 to 27 locations – many of which are located in communities where few affordable banking options exist. HOPE serves 30,000 members, one out of three of whom were unbanked when they joined. Through July 31, 2016, HOPE will feature special offers to help make it more affordable for people to become members. The credit union will waive the monthly fee on all checking accounts for six months and the application fee on personal loans. HOPE offers checking and savings accounts, consumer and mortgage loans and commercial lending services. The Little Rock branch is open Monday – Thursday 9am – 4pm and Friday 9am – 6pm. For more information about HOPE or a complete list of services and locations, visit www.hopecu.org. About HOPE HOPE (Hope Enterprise Corporation and Hope Credit Union) is a community development financial institution, community development intermediary and policy center that provides affordable financial services; leverages private, public and philanthropic resources; and engages in policy analysis in order to fulfill its mission of strengthening communities, building assets, and improving lives in economically distressed parts of the Mid South.

HOPE receives Platforms for Prosperity Award

Hope Enterprise Corporation received the CFED 2014 Platforms for Prosperity “Where We Bank” Award, sponsored by Citi®, at the Assets Learning Conference in Washington, DC in September.

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