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Routing/ABA # 275082471

Smart Refi First Mortgage

Are you looking to pay your current mortgage off faster? Are you looking to take cash out for an upcoming project or consolidate debt? AppleTree Credit Union has you covered with a Smart Refi First Mortgage. Our Smart Refi First Mortgage has terms of 5, 7, or 10 years. The 5-year and 7-year mortgages can be amortized for up to 30 years. This gives us the flexibility to customize a payment and term right for you.  

  • Low closing costs
  • Low affordable interest rates
  • Uncomplicated loan application
  • Flexible loan terms of 5, 7, and 10 years
  • 5-year & 7-year terms can be amortized up to 30 years
  • No hassle, automatic payments
  • Serviced through AppleTree Credit Union - never sold to another lender

What is a balloon mortgage?

A balloon mortgage is usually a short-term mortgage loan. The payment is based (amortized) on a longer-term, typically 15, 20, or 30 years. At the end of your term, you can refinance your home at the current interest rate, pay off your home, or sell your home. Because of our low fees and low-interest rates, a balloon mortgage is an excellent solution if you are looking to sell your home in the next 5 to 7 years.

Mortgage TypeAPRPYMT/$1,000
5-year*5.299%$19.01
7-year*5.399%$14.33
10-year5.499%$10.86

APR is Annual Percentage Rate. Rates are subject to change without notice. Normal lending policies apply. Subject to approved credit. Rates assume electronic payment and e-statement sign-up. 80% loan-to-value (LTV) or less. APR available on owner-occupied, 1-4 family primary residences currently not for sale. The minimum loan amount is $10,000. Property insurance is required. Closing costs due at application. Closing costs do not include the cost of an appraisal if needed; this fee could range from $350 - $1000. Call AppleTree for rates, terms, and closing costs for jumbo mortgage loans. Excludes ATCU refinances. Anyone who lives in Milwaukee, Waukesha, Ozaukee, Washington, or Racine counties is eligible to join. NMLS ID: 4463683.

 *The 5- and 7-year smart refi is a first mortgage balloon loan where the rate is fixed for 5 or 7 years; it can be amortized up to 30 years.