Estimated read time: 2-3 minutes
Everyone gets frustrated if they buy something, only to see it go on sale soon after. This feeling is even more pronounced when it involves buying what is likely your largest investment – your home. If interest rates drop within a few months after signing the mortgage, you may have buyers's remorse and wish that you waited to finance your home.
Goldenwest Credit Union understands this dilemma and is offering a solution with an exclusive Free-Fi promotion. For a limited time, members can buy or refinance their homes and enjoy the option to refinance once at no cost within the next three years. This unique offer provides flexibility and peace of mind in Utah's competitive housing market and the current economic landscape.
How the Free-Fi promotion works
Purchase or refinance today: Members can either buy a new home or refinance their existing mortgage with Goldenwest Credit Union.
Make six payments: After securing the mortgage, members need to make six consecutive on-time payments.
Refinance within three years with no lender fees: Members can take advantage of the Free-Fi promotion by refinancing their mortgage with Goldenwest Credit Union within three years without incurring lender fees.
When to consider refinancing
Many homeowners refinance to reduce their interest rate, lower monthly payments, eliminate private mortgage insurance, or pay off their loan faster. A good rule of thumb for refinancing to lower your interest rate is to aim for a reduction of at least 0.5% to 1%. Online mortgage calculators are a great way to estimate potential savings from reduced interest payments.
However, just because the interest rates drop doesn't automatically mean that every homeowner should refinance. Consider how long you plan to stay in your home, your current equity position, and the cost of obtaining a new mortgage.
Fortunately, with the Goldenwest Credit Union Free-Fi promotion, lender fees will be waived if you refinance at Goldenwest within three years. This means if mortgage rates drop after six months, you could lower your rate with a free refinance, saving thousands on closing costs and likely reducing your monthly payment.
Lock in this exclusive offer today by visiting Goldenwest Credit Union's website. For complete details and more information about the Free-Fi promotion or to start your mortgage application, contact a local branch, call the dedicated mortgage line at 801-786-8400, text 385-206-6780, or email mortgagecc@gwcu.org.
Goldenwest Credit Union Equal Housing Lender | NMLS #440574
