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Does It Pay to Refinance Your Mortgage?

Mortgage interest rates are still extremely low and it may be the perfect time to refinance. You may have even refinanced several years ago and are now considering a mortgage refinance again because rates have fallen so low and you're afraid they're going to rise. You should consider the following:

1. Amortization.

In the early years of your mortgage, you pay more interest than principal. Run the numbers and calculate how the principal will decrease in the early years of a new loan.

2. Closing costs.

Based on what you'll save with the new, lower mortgage, figure out how long will it take you to recoup the closing costs?

3. Points.

If you paid points for a lower rate on your current mortgage, that money is lost when you refinance.

4. How much longer you are planning to stay in the house.

It's not worth the cost of refinancing if you'll be selling before you can make that money back in savings.

5. Equity.

Would you like to pay off your house faster? You may consider going to a shorter term: 5, 10, or 15 years. Many times the interest rates are even better.

All in all, the decision to refinance should be based on more factors than just the interest rate or monthly payment. Call us at 970.330.3900 to schedule a free consultation.

Membership Benefits

We're a community credit union available to everyone in Weld County. YOU CAN JOIN!

Come experience the credit union difference!

  • Local decisions, local options and a community-minded focus
  • More than 53,000 Free ATMs
  • Shared branching at over 5,300 credit unions across the country
  • Mortgages and refinancing options
  • Better loan rates—especially auto loans and credit cards
  • Competitive deposit rates
  • Auto buying services
  • Financial planning service through Raymond James Financial Services, Inc. member NASD/SIPC
  • Free notary service
  • Money orders
  • Cashier's checks
  • Wire transfers between financial institutions and Western Union wire service
  • Credit protection insurance (life and disability)

Sprint Credit Union Member Discount

How would you like valuable savings on monthly wireless bills, plus waived activation and upgrade fees?

You get all that and more thanks to Northern Colorado Credit Union and Sprint's Credit Union Member Discount program.

There are two ways to save with Sprint:


  • Get 10% off of select regularly priced Sprint monthly service
  • Have your activation fee waived (up to $36 in savings)
  • Have your upgrade fee waived (up to $36 in savings)
  • Use Corporate ID: NACUC_ZZM to claim your discount


  • Get 15% off of select regularly priced Sprint monthly service
  • Have your activation fee waived (up to $36 in savings)
  • Have your upgrade fee waived (up to $36 in savings)
  • Use Corporate ID: NACUC_ZDS_ZZM to claim your discount

Credit Union Member Verification

Verification is easy and only takes a few minutes to complete. There are four ways to verify credit union membership:

  1. Use the Free Invest in America apps for iPhone or Android (you will be prompted to black out all confidential information within the app)
  2. Visit from a mobile device. Black out all confidential information on your documentation prior to faxing.
  3. Sign up for Sprint's AutoPay using your credit union's checking account or credit union debit/credit card:
  4. For members paying their Sprint monthly bill through Sprint's AutoPay option using their credit union checking account or debit/credit card, verification is as easy as it gets.
  • Members sign up for Sprint's AutoPay online using their credit union account (checking, credit card or debit card).
  • Sprint pulls the R&T and credit/debit card BIN numbers monthly and verifies credit union membership for all accounts being paid through Sprint's AutoPay.
  • These members are validated monthly each time the report is pulled. Members verified this way don't need to go through any other verification process.

Start saving with Sprint today!

Is a HELOC Right for You?

A Home Equity Line of Credit (HELOC) can be a valuable tool for responsible borrowers. A HELOC basically works like a credit card, but interest rates are usually much better than for other loans. Plus the interest on a Home Equity Line of Credit may be tax deductible (consult your tax advisor to be sure). Would you like to remodel your home or do you have home expenses you need to cover? Do you need to consolidate debt from higher interest loans like high-rate credit cards? Or would you like to finance a vacation over a period of time? If you answered "yes" to any of these, your home's equity can be extremely useful. We look at your individual situation, examine various factors like your income, credit history, expenses, and other debts to see what rate and payment makes sense for your situation. Then we set up a HELOC that's right for you.

What are the main benefits of a HELOC with NCCU?

  • NO annual fee (some other institutions charge an annual fee)
  • NO fees for future advances over $499
  • You can transfer funds directly into your NCCU checking ccount
  • Much lower interest rates than many other loans, especially credit cards.
  • Interest payments may be tax deductible.
  • Advance transfers can be done through Home Banking 24/7
  • Consolidating other high interest loans to a HELOC gives you one easy monthly payment at a great interest rate.
  • Terms for repayment that make sense and help you pay off your loan in five (5) years.

As with any home loan, you want to make sure that you have a steady, reliable source of income and know that you will be able to repay the loan. A HELOC's low interest rate and tax deductible interest paid makes it a sensible alternative.

Like to learn more? Visit: Home-Equity Loans: What You Need To Know

Consolidate your loans and see how much you can save!