How to Refinance a Mortgage at a Credit Union Instead of a Bank
- 1). Contact the credit union of your choice. Tell the lender that you want to refinance your mortgage.
- 2). Provide information about your income and the amount you still owe on your current mortgage. Consent to a credit check and sign the application.
- 3). Bring your mortgage application to the credit union. Explain why you need to refinance. Provide supporting documents such as your budget along with the application.
- 4). Wait for the credit union to approve your application. Most credit unions respond to applications more quickly than banks do; you may get an answer with 24 to 48 hours.
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