Not on good terms with your mortgage?

Refinance with The Cooperative Bank of Cape Cod to make your mortgage work for you.

You’re comfortable with your home, so make sure you’re comfortable with your mortgage, too. At The Coop, we offer a range of refinancing options. From securing a lower rate to shortening your terms or converting from an Adjustable Rate Mortgage to a fixed, our loan officers will help you choose the right path.

Why refinance?

When considering refinancing your mortgage, two main reasons stand out: lowering your rate or changing your term and taking cash (or equity) out of your home for reasons such as consolidating debt, funding improvements or big purchases. Everyone is a little different, speak with one of our loan officers about your “why,” and we’ll help you find the best loan for your needs!

Loans are subject to credit approval.

Rate and Term

Reduce your monthly payment with lower rate

Reduce the term of your mortgage

Move from Adjustable Rate Mortgage to a fixed

Remove or reduce your mortgage insurance

Cash Out

You may want to take equity out of your home for several reasons:

Consolidate your debt

Pay for education

Home improvements

Contact one of our lenders today for a personalized rate quote!

Contact a Loan Officer

What would my new payment look like?

When you refinance at a lower interest rate, you usually pay refinancing costs including points, fees, and closing costs. This calculator will tell you if the amount you can save in interest will exceed these refinancing costs. The calculated results depend on how long you plan to keep this property. Calculators are for informational purposes only. 

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What documents will I need?

Everyone is a little different, you may need to provide all of this, and you may need to provide only some of it. Additional documents may be requested after you apply, but we will ask you for only items we absolutely need.

Rule of two: 2 months of bank statements, 2 most recent paystubs, 2 years of federal tax returns all pages and business returns, if applicable, 2 years of W2s and 1099s.

Recent statements: Mortgage, Home Equity Line of Credit, tax and insurance bills for any properties owned, as applicable.

What will it cost?

Closing costs vary based on your loan amount. A good rule of thumb is 1.5% of the loan amount you are seeking. If you escrow (include taxes and insurance in your monthly payment), you will need to provide additional funds to establish the escrow account. This will vary based on your property tax and insurance costs and due dates. You will typically need to pay the appraisal fee upfront, the cost can range from $550 to $800 or more depending on the complexity of your property.

How long does it take?

Refinancing typically takes around 45 days to close from the time you submit a loan application.

Who will I be working with?

Find a loan that works for you, not the other way around. Our team of experienced residential mortgage loan officers will work with you to find the right loan for your specific needs. With fixed- and adjustable-rate mortgages and a robust portfolio of unique mortgages, we’re sure to have a mortgage option that will help you achieve your goals!

  • Residential Mortgage Loan Officer: This person will discuss your wants and needs, review your employment, income, credit, and asset profile, to help determine the best loan for you. This person also writes prequalification letters, so you can make offers on homes and establishes timelines and next steps.
  • An appraiser will come to your house to determine the value. They will schedule with you directly.
  • Loan Specialist: Once your loan application has been submitted, the Loan Specialist takes over to make sure you’re providing all the documentation required to get your loan approved. Once your loan is ready to close, the Loan Specialist makes sure all the final documents are in order and coordinates with all parties to schedule your closing.
  • Loan Underwriter: The Underwriter reviews and verify all information & supporting documentation submitted with your loan application in order to make the decision to approve or deny a loan. The Underwriter may request for additional documents to support your financing request ahead of making a final determination on your application.


How do I get started?

Apply Now


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