Third Federal Savings & Loan
Mortgage Refinance Products
Mortgages
Smart Rate Adjustable Mortgages More Info
Offers a lower interest rate than a fixed rate loan—typically more than 1% lower.
The Smart Rate Adjustable Rate Mortgage offers a lower interest rate than a fixed rate loan—typically more than 1% lower. This lower rate saves you about $12,000 over the first five years. Think about what you could do with all those extra savings! After that, the interest rate adjusts to the Prime Rate presently 7.50% minus 1.00%.
Our Rate Relock gives you control to relock your rate for up to five more years anytime during the entire life of your loan. You can relock your rate for up to five additional years to the current 3/1 or 5/1 rate as often as you want, any time you want, saving you thousands of dollars compared to the cost of refinancing – no mortgage application or home appraisal is required. Rate Relock even allows you to relock your rate every three to five years, so you’re never without a fixed rate commitment. With Rate Relock, you'll never have to refinance again!
- 3/1 and 5/1 Smart Rates available
- Rate Relock (relock your rate as often as you like)
- $495 low closing cost options available
- 15, and 30-year terms available
- Indexed to the Prime Rate. Rates adjusts to Prime Rate presently 7.50% minus 1.00%.
- Periodic rate cap +/-2%
- Lifetime rate cap of initial rate +6%
| Product | Rate | APR |
|---|---|---|
| 5/1 ARM (30 year) | 6.250% | 6.446% |
| 5/1 ARM (30 year) Low Cost | 6.700% | 6.580% |
| 3/1 ARM (30 year) | 5.990% | 6.414% |
| 3/1 ARM (30 year) Low Cost | 6.440% | 6.484% |
| 5/1 ARM (15 year) | 6.190% | 6.387% |
| 3/1 ARM (15 year) | 5.940% | 6.348% |
$495 Low Cost Mortgages More Info
Gets you a mortgage at today’s low rates without closing costs.
Imagine if you could get a mortgage at today’s low rates and not worry about closing costs. With our new Low Cost Mortgages, you can, because you only pay $495 in closing costs. We pay all other closing costs, saving you thousands of dollars. And the interest rate is typically lower than what other lenders charge for their full closing cost loans. So go buy that new couch that’ll look perfect in your new family room!
- Available on 10, 15 and 30-year fixed rate and Smart Rate for purchases
| Product | Rate | APR |
|---|---|---|
| 30 Year Low Cost Fixed Rate | 7.075% | 7.075% |
| 15 Year Low Cost Fixed Rate | 6.440% | 6.439% |
| 10 Year Low Cost Fixed Rate | 6.540% | 6.540% |
10-Year Mortgages More Info
Shorten your mortgage and pay it off faster.
Why pay a mortgage any longer than you have to? For a slight increase in payment, you might be able to shorten your mortgage and pay it off faster.
- About 1/2% lower than the typical 15-year fixed rate
- Available on loan terms 6-10 years
- $495 Low Closing Cost options available
- Shorten your mortgage with a similar monthly payment
- 10-year Fixed Rates
| Product | Rate | APR |
|---|---|---|
| 10 Year Fixed Rate | 6.040% | 6.146% |
| 10 Year Low Cost Fixed Rate | 6.540% | 6.540% |
Fixed Rate Mortgages More Info
Your monthly principal and interest payment are fixed for the life of your loan.
With our Fixed Rate Home Mortgage, your monthly principal and interest payment are fixed for the life of your loan.
- Standard 60-day rate lock
- 30, 15 and 10-year terms available
- Same low fixed rates for condos
| Product | Rate | APR |
|---|---|---|
| 30 Year Fixed Rate | 6.625% | 6.671% |
| 15 Year Fixed Rate | 5.990% | 6.065% |
| 10 Year Fixed Rate | 6.040% | 6.146% |
