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Routing Number: 272479663 Swift Code: MSUCUS44
 
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SmartLine Home Equity Loan
SmartLine Home Equity Loan
Refinance Your Mortgage
Refinancing your mortgage pays off your existing loan and replaces it with a mortgage that is more beneficial to you.

• 15 year fixed-rate as low as 5.625% APR
• 30 year fixed-rate as low as 6.250% APR.

To apply, click the Apply Now button below, in the OU Credit Union Mobile app, by phone or at a branch. If you have questions, contact the Mortgage Department directly at 517-333-2424 option 3.
Apply in Minutes, 24/7
Start the process when you're ready -- apply in the MSUFCU Mobile App or on the website anytime.
Lower Your Rate
This is a great opportunity to lower your interest rate to save money.
Shorten Your Term
By shortening your term, you are saving the interest you would have paid with the longer term.
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How long will it take to refinance my mortgage?
You can expect the process to take 35-45 days to complete.
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What cost should I anticipate for a mortgage refinance?
It's possible to add the costs associated with getting a new mortgage into the total refinance amount to avoid paying anything out of pocket at closing. However, refinancing in order to lower your payment, get cash, or consolidate your debt may result in a longer loan term or a higher interest rate. That might mean paying more in interest in the long run. Anticipate closing costs, appraisal fee, and prepaids or escrow (where applicable).
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What information can I get before deciding to refinance my mortgage?
An MSUFCU mortgage loan officer can walk you through the process and provide an amortization table on any term you are considering. The amortization table will show what your new payment would be and how that payment is allocated for principal, interest, and escrow (if applicable).
View All FAQs
Home loans available for owner occupied/vacation homes in the following states: Michigan, Alabama Arizona, Colorado, Florida, Georgia, Illinois, Indiana, Kentucky, Minnesota, Missouri, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Virginia, Washington, Wisconsin. Currently non-owner-occupied, construction, and manufactured home loans are only available in Michigan. Rates are based on creditworthiness, loan-to-value (LTV), property type, and other factors associated with your loan application, your rate may be higher.

Get FileElectronic Correspondence Disclosure and Agreement Get FileMulti-Featured Loan Agreement
Get FileService Fee Schedule Get FilePrivacy Policy
Get FileDocuSign Disclosure Get FileBorrowers Bill of Rights
Get FileConsumer Caution and Home Ownership Counseling Notice Get FileElectronic Correspondence Disclosure and Agreement
Get FilePayCard Agreement and Disclosure Get FileMortgage Information
Get FileNationwide Mortgage Licensing Systems IDs Get FileHome Mortgage Disclosure Act Notice
Get FileConsumer Handbook on Adjustable-Rate Mortgage

Fixed-Rate Mortgage Loan Payment Example: A primary residence, owner-occupied, single family home in Michigan, with a purchase price of $250,000 with 20% down payment, all borrowers with credit scores of 740 or higher, the mortgage for $200,000 borrowed at a 5.50% interest rate (5.581% APR) for a term of 360 months would require monthly payments of $1,135.58. Payment example does not include property taxes, homeowners insurance, and/or private mortgage insurance and your monthly payment obligation will be higher. Credit and collateral is subject to approval. Rates, terms, and conditions are subject to change at any time based on market conditions or other business factors. Equal Housing Lender.

Jumbo Fixed-Rate Mortgage Loan Payment Example: (Minimum loan amount $647,200): A primary residence, owner-occupied, single family home in Michigan, with a purchase price of $809,000 with 20% down payment, all borrowers with credit scores of 740 or higher, the mortgage for $647,200 borrowed at a 5.50% interest rate (5.525% APR) for a term of 360 months would require monthly payments of $3,674.73. Payment example does not include property taxes, homeowners insurance, and/or private mortgage insurance and your monthly payment obligation will be higher. Credit and collateral is subject to approval. Rates, terms, and conditions are subject to change at any time based on market conditions or other business factors. Equal Housing Lender.

5/1 ARM Mortgage Loan Payment Example: A primary residence, owner-occupied, single family home in Michigan with a purchase price of $250,000 with 20% down payment, all borrowers with credit scores of 740 or higher, the mortgage for $200,000 borrowed at 4.25% interest rate (APR Rate 4.521% ) for a term of 360 months would require monthly payments of $983.88. Payment example does not include property taxes, homeowners insurance, and/or private mortgage insurance and your monthly payment obligation will be higher. With a 5/1 ARM, your loan will have an initial fixed-rate period of 60 months. After the fixed-rate period, your interest rate will adjust up or down according to market rates at the time of the reset. Rate is variable after the fixed-rate period and subject to change every year for the remaining life of the loan. Credit and collateral is subject to approval. Rates, terms, and conditions are subject to change at any time based on market conditions or other business factors. Equal Housing Lender.