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Refinance your Home

Mortgage Refinancing

Make your biggest investment pay off

Refinancing your mortgage is a way to potentially lower your interest rate and monthly mortgage payment.

Why refinance?


Lower your monthly payments

Refinancing at the right time and term may reduce your monthly payments and increase your cash flow.



Consolidate Debt

Consolidate high-interest debts into a single, more manageable monthly payment.

Home Loans

Make home improvements

Refinancing and using the equity in your home can be a low-cost option for covering high-cost home improvements.


Reduce the term

When you pay your loan off faster with a shorter term, you will reduce your interest payments and pay less overall.

Find the right refinancing loan for you

Get up to 90% loan to value with our two refinance options for your existing home loan:

15-Year Fixed-Rate Loan

Choose your own term, up to 15-years, at a low, fixed rate.

7-Year Balloon Loan

Your loan will be amortized over 30 years for a lower monthly payment. After 7 years, it will be time to refinance the remaining balance into a new loan.

Your loan will be underwritten and serviced by our employees and will never be sold to another institution. If you’re not sure about which option to choose, don’t worry! We’ll work with you to determine which option is best for you.

Current Rates

Home Equity Loan – 1st Lien (Home Loan Refinance)



Annual Percentage Rate

Refinance your existing mortgage
APR = Annual Percentage Rate. Rates include a 0.75% loan origination fee. Based on $200,000 loan with 20% down. Rates are subject to change without notice. Member pays third party closing costs.
Up to 90% LTV

15 year

6.875% – 9.00%

7.194% – 9.339%

7 year balloon
(30 year amortization)

7.50% – 9.125%

7.703% –9.350%

Should you Refinance?

When you refinance, there are refinancing costs that you should anticipate. Use our online calculator, that will tell you if the amount you save in interest will exceed these refinancing costs.

Use our refinance calculator

Refinance your home

Get in touch

Call: 503-220-2592

Email: info@trailheadcu.org

Send a secure message through Digital Banking.

Apply Now
Apply Online
Come on in!

Visit any of our branches:

Old Town: 221 NW 2nd Ave, Ste 100

Mississippi: 3904 N Mississippi Ave

Division: 3354 SE Division St

Frequently Asked Questions

Yes, this is what’s called a “cash-out refinance.” Cash-out refinance empowers you to pay off your existing mortgage(s) and also take out some of your home equity in a lump-sum cash payment at closing.

Because the way you’ve managed your finances in the past can help predict how you are likely to do so in the future, lenders will consider your credit rating when you apply for a mortgage or other loan. Your credit rating is the clearest reflection we can see of how you handle your finances. A higher credit score may help you qualify for better mortgage interest rates, and some lenders may lower their down payment requirement for a new home loan if you have a high credit score.

Learn more about credit scores.


We cannot refinance or do equity loans on homes that are currently listed or have been listed for sale in the last 6 months.

NMLS# 477604