Mortgage Loan Refinance
Give your budget some breathing room with a smarter, more affordable mortgage.
Exclusive Offer
We’ll Pay for Your Appraisal!
To enhance your refinancing benefits, TVFCU covers the entire cost of your home appraisal fee, resulting in savings of over $600. This offer is applicable under the following conditions:
- Purchase transaction resulting in new money to TVFCU in the amount of $25,000 or greater.
- Refinance of a mortgage with another institution, resulting in new money to TVFCU in the amount of $25,000 or greater.
- Refinance of an existing TVFCU mortgage, resulting in new money to TVFCU in the amount of $25,000 or greater.
- Offer valid as of January 1, 2025, subject to change. Some exclusions apply. Offer valid on portfolio loans only.

Know Before You Refinance
Understand Why You’re Refinancing
Refinancing your mortgage can be a great move. Here are some possible benefits:
- Lowering your interest rate
- Reducing your monthly payment
- Switching from an ARM (adjustable-rate mortgage) to a fixed-rate
- Shortening your loan term (e.g., 30 to 15 years)
- Tapping into home equity (cash-out refinance)
- Removing mortgage insurance (PMI)


How to Get Started
Your Loan Is Just Clicks Away
We make it easy.
- Meet our mortgage team and apply today.
- Call us at 423-634-3600 with any questions or to request more information.
- Start a video call with our local mortgage experts today.

Frequently Asked Questions
Mortgage refinancing is the process of replacing your existing home loan with a new one, often to secure a lower interest rate, reduce monthly payments, change your loan term, or switch from an adjustable-rate to a fixed-rate mortgage.
Refinancing can help you:
- Lower your interest rate and monthly payments
- Pay off your mortgage faster with a shorter term
- Tap into home equity with a cash-out refinance
- Switch from an adjustable-rate to a fixed-rate loan for more stability
You may benefit from refinancing if:
- Interest rates have dropped since you got your mortgage
- Your credit score has improved
- You want to reduce your loan term
- You need funds for major expenses like home renovations or education
A mortgage loan originator at TVFCU can help you review your options.
Refinancing typically includes closing costs such as:
- Origination fees
- Appraisal fees
- Title insurance and search
- Prepaid interest or escrow adjustments
- Other third-party fees such as credit report, flood certification, etc.
These costs vary, but our team will provide a clear estimate upfront.
The refinance process typically takes 30 days from application to closing, depending on your specific situation.
Yes, you may still qualify through certain programs. Options like FHA Streamline or VA Interest Rate Reduction Refinance Loans (IRRRL) may be available depending on your existing mortgage type.
Refinancing may cause a temporary dip in your credit score due to the hard inquiry and opening a new loan account. However, if managed well, it can improve your credit over time.
Common documents include:
- Recent pay stubs and W-2s
- Tax returns (past 2 years)
- Bank statements
- Information on your current mortgage
- Evidence of homeowners insurance
Our mortgage team will provide a personalized checklist.
Yes, TVFCU offers refinancing options for investment and rental properties. Terms and rates may differ from owner-occupied properties.
You can:
- Apply online through our secure portal
- Call a mortgage loan officer for a consultation at 423-634-3600
- Video Chat from anywhere with tvfcuLIVE Stream
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