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Routing/ABA # 275082471

Smart Refi First Mortgage

If you are looking to refinance your current mortgage to pay it off faster or take cash out to pay for an upcoming project, 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 and 7 year mortgage 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 & 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, payoff your home, or sell your home. Because of our low fees and low interest rates, it is a great solution if you are looking to sell your home in the next 5 to 7 years.

Mortgage TypeAPRPYMT/$1,000

APR is Annual Percentage Rate, APR and closing costs are subject to change without notice and feature electronic payment and e-statement sign-up. 80% LTV or less. Applies to not-for-sale, 1-4 family owner-occupied residences only. Excludes ATCU refinances. Minimum loan amount $10,000. Property insurance required. Interest accrues from date of loan note. Subject to approved credit. Normal lending policies apply. Closing costs due at application. Closing costs do not include appraisal, if needed; this fee could range from $350 - $1000. Call AppleTree for rates, terms and closing costs for jumbo mortgage loans. 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. 

Mortgage Loan OriginatorNMLS #
Wendell Gladem565412
April Kaufmann565414
Susan Dodge408009
Cindy Xiong2027729
Tyson Taylor486998
Alison Watson487100