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Mortgage Refinance

Borrow on your terms

Refinancing your mortgage can help you improve your loan terms and get ahead.


Cash-out refinance

Get paid for the equity in your home with a cash-out refinances.1


Debt consolidation

Pay off your car or credit cards and consolidate debt into one easy monthly payment.2


Lower your rate

Refinance for a lower interest rate and smaller monthly payments.3

Calculate your monthly payment4

Monthly Payment

Cash-out Refinance

It's your equity— use it!

Get paid for your equity in a lump sum for purchases, debt consolidation, or future use.

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Lower Rates

Get a better rate

Get access to our current mortgage rates, which may be lower than your original loan rate.

Woman doing work projects from home

Trust is a top reason members choose Members Mortgage.

— 2023 Mortgage Processing Survey

How it works

It's easy to refinance your mortgage.

  • 1

    Complete an application

    Apply online, over the phone, in person, or through video banking.

  • 2

    Get approved

    We'll crunch the numbers and let you know if you're approved.

  • 3

    Use the funds

    Funds will be disbursed as payoffs or cash back.

Apply now

Have questions? We're here to help!


Schedule an appointment


Schedule now


Meet virtually


Video Banking


Give us a call


Call 218-625-8580

Redo your rate


Want to consolidate debt, cover expenses, or save with a better rate? Refinancing your mortgage can be a great option.

Apply now


1 Requirements for a cash-out refinance are dependent on the refi product.
2 Requirements for debt consolidation are dependent on the loan product.
3 Rate and payment amount will be determined by a number of factors including credit history, loan term length, etc.
4 The calculator is provided for informational purposes only and any calculation is solely an estimate based on the information you provide. Calculations do not include amounts for taxes and insurance premiums, if applicable, and your actual payment obligation may be greater. Contact Members Cooperative Credit Union at 1-800-296-8871 for more information.

Members Cooperative Credit Union lends to Minnesota and Wisconsin residents only and property used as mortgage security must be within the states of Minnesota and Wisconsin. Membership and loan approval required. Restrictions apply.

Home Mortgage Disclosure Act Notice

The HMDA data about our residential mortgage lending are available for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, and income of applicants and borrowers; and information about loan approvals and denials. Inquire at any branch office regarding the locations where HMDA data may be inspected.

Use of online or other electronic services may require specific hardware and software and your agreement to certain terms and conditions. Access is subject to the availability of the internet, cellphone and network coverage and plans, and typical service interruptions stemming from your providers or the credit union’s providers. In order to receive account notifications you must enroll in online banking services and specifically text notifications. Membership required.

Video Banking