Frequently Asked Questions

• When does it make sense to refinance a mortgage?

  Refinancing your home loan can be a great option to secure a better loan for your current circumstances and future goals. It makes sense to refinance your mortgage if one of the benefits will be helpful for you:

  • Secure a lower interest rate
  • Reduce your mortgage term
  • Switch from an adjustable-rate mortgage to a fixed-rate mortgage or vice versa
  • Borrow against the equity in your home

  
  

  If doing any of the above would benefit you, refinancing might be the next best move.

• Maintenance Fee

  New Fee:

  Details:

  Maintenance Fee

  We are introducing a new $5/month Maintenance Fee to all members. However, this fee can be waived if you meet just one of the following criteria:   • You or someone in your household has had a current loan or mortgage within the last 12 months.   • You or someone in your household has an open credit card   • You or someone in your household has an aggregate average daily balance of $3,000 in your accounts  • You or someone in your household has a relationship with our Listerhill Financial Services department   • You have paid at least $125 in NSF, Transfer, or Courtesy Pay fees for the month   • You are under the age of 25   • Your account is less than 90 days old   • You have paid a Return Mail Fee or an Inactive Account Fee for the month

• Jumbo Certificates Early Withdrawal Penalty

  Existing Fee:	Changing To:
  Jumbo Certificates Early Withdrawal Penalty • Terms of 1 year or less: 30 days interest • Terms of over 1 year: 90 days interest	Monthly Certificate Early Withdrawal Penalty • Terms of 1 year or less: 90 days interest • Terms of 18 mos-2 yrs: 180 days interest • Terms of over 2 years: 210 days interest

• Regular Certificates Early Withdrawal Penalty

  Existing Fee:	Changing To:
  Regular Certificates Early Withdrawal Penalty  • Terms of 1 year or less: 30 days interest      • Terms of over 1 year: 90 days interest	Quarterly Certificate Early Withdrawal Penalty   • Terms of 1 year or less: 90 days interest   • Terms of 18 mos-2yrs: 180 days interest   • Terms of over 2 years: 210 days interest

• Relationship Fee

  Existing Fee:	Changing To:
  Relationship Fee	This fee is being eliminated. If you currently pay the $10/month Relationship Fee, you will no longer be charged this fee.