12-Year No Fee Mortgage

If you want to take advantage of lower interest rates or the value of your home has increased, refinancing may make sense for you. You can also refinance to fund needed home repairs, consolidate debt or build equity faster with a shorter loan term.

With a 12-Year No Fee Mortgage, you can get the benefits of refinancing your existing mortgage without paying for closing costs, pre-payment penalties and other BECU fees — potentially saving you thousands of dollars.¹

If you owe $766,550 or less on your mortgage and you're ready to pay it off in the next 12 years, connect with an experienced, local mortgage professional to get started.

We believe in total transparency when it comes to our members.

Please note that an upfront credit report deposit is required and will be credited to reduce your total amount of costs or refunded at closing.

While BECU will cover standard closing costs and other BECU fees, the following costs are the responsibility of the borrower, if applicable:

• Any costs related to the subject property's eligibility for financing, including but not limited to required inspections, repairs, title elimination fees and assessments.
• Fees your existing lender may charge, including but not limited to a subordination agreement, pay off demand and reconveyance.
• Any costs related to changes to your interest rate lock.
• Transfer tax—this fee is only necessary when there is a change during the refinance that removes an owner from the title.
• Per diem interest charges—to cover the number of days of interest before your first payment.
• Property taxes—property taxes may be collected for taxes coming due or escrow setup.
• Insurance—hazard insurance and/or flood insurance may be collected for payments coming due or for escrow setup.

Interested in more information on the home refinancing process or additional strategies for reducing debt? Check out these tools and resources.