Refinancing a Home

Refinancing a house is like buying stocks — it can be a financially savvy move, but most people need a little help to get the most out of their investment. Here’s an overview of the refinancing process to help you decide whether it’s right for you.

House with sold sign

Why Refinance?

Maybe you were young and naïve and signed your mortgage paperwork without fully reading it. Maybe you simply bought a house when interest rates were much higher. Or maybe your financial standing has changed and you could use a little extra payment flexibility each month. Whatever the case, our Home Loan Advisors can show you how to refinance and search for the interest rate and monthly payment that works for you.

Blue question mark

What is Refinancing?

Yellow house with green chalkboard

Refinancing your house involves taking out a new mortgage in an effort to lower your interest rate, reduce your monthly payments and/or create a schedule for paying off your home sooner. During this process, you’ll be able to pay off your initial loan while creating a new loan, typically at a lower interest rate. Home refinance loans are especially beneficial for those with strong credit scores, but can also be a great tool for those struggling to make their monthly mortgage payments.

Refinancing with Mazuma

While refinance home loans may sound intimidating, Mazuma Credit Union makes it pretty painless. By discussing your financial goals, monthly income, investments, and other fiscal measures, we can help you uncover the lowest rates and pay off your house without stretching yourself too thin. From Kansas City to Independence to Overland Park, we’ve helped families across the metro gain financial flexibility while remaining in the house they love.

At Mazuma, we’re pretty much rock stars when it comes to home refinance loans. Except instead of partying and smashing guitars, we’re discussing finances and submitting paperwork. Still pretty cool, if you ask us.

Family under blue home symbol