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Buying or Refinancing?

Exclusive Benefits for Members

Manual Membership Selection
To access Costco member rates and discounts select one of the following:

Currently not a Costco member? Be sure to ask your Mortgage Consultant about becoming one. It is easy and enables you to receive Member Discounts.

Costco Executive Members

could save an average of
$7,109
over the typical life of the loan*

Executive Members

Lender fees
$350
or less*

Gold Star Members

Lender fees
$650
or less*

Why Refinance?

Here are 4 potential reasons why a Costco member may want to refinance their home:
Woman sitting at coffee table
Lower Interest Rates/Mortgage Payment

Over the past few years our federal government has intervened with the nation’s economy, to reduce mortgage rates, in an effort to stimulate the economy. By purchasing mortgage backed securities we have seen the lowest interest rates in our Country’s history, hence the refinance boom! With interest rates so low millions of homeowners were able to refinance, and substantially reduce the interest rate on their mortgage, thus bringing down their monthly payments.

Debt Consolidation

Since most credit cards or revolving debt may come with a high rate of interest, many homeowners use the equity in their home to pay off these liabilities. With lower mortgage rates this is a great way to reduce your overall monthly expenditure. By rolling those into your mortgage you could reduce these payments.

Get Cash Out

Members can utilize the equity in their home as a great way to have their house work for them. In most cases as time has passed, Costco members have built equity in their homes at the same time as they paid down their mortgage. Taking cash out is a great way for Costco members to accomplish personal and financial goals. For instance, a home improvement project, college tuition for the kids, unforeseen medical bills or to just simply start building a nest egg, are many reasons that people utilize the equity in their home when they refinance.

Reducing the Term

30 years is a long time and often by the time the 30 years are over you may have already retired. Depending on your current loan, you may be able to go from a 30 year term down to a 15 or 20 year with little or no effect on the monthly payment.

Why Refinance with the Mortgage Program?

With a name like Costco, the Mortgage Program has developed relationships with a number of preferred lenders that have committed to providing Costco members with superior service and exclusive rates and fees. With the Mortgage Program for Costco Members, you will have everything you need to see if you can lower your monthly payment or interest rate.

To view rates and fees exclusively for Costco members, complete the simple questionnaire above or contact the Mortgage Program at 800.793.0759.

Members Are Talking
  • “This is the 2nd time I've used The Mortgage Program for Costco members to refi a house and would totally recommend it., Both experiences, provided unbeatable rates and quality customer service. I felt comfortable knowing that if I wasn't satisfied with the quality of customer service, I could easily reach back to the program for help.”

    - SYLVIA W., Fairfax, VA, 08/2018
  • “I researched The Mortgage Program for Costco Members along with other offerings. The process was fast and efficient without any hidden fees or other surprises. I will certainly use this process next time I need a mortgage.”

    - Andy L., Lindstrom, MN, 08/2018
  • “Out of frustration, I googled to search for a lender, so I could buy my dream condo in Florida on the beach. The Mortgage Program for Costco members came up on my search. The lender they connected me with, was the best decision I made!!! What a great experience, they were so helpful.”

    - Sherry R., Oxford, OH, 07/2018
  • “I got much better rates through The Mortgage Program for Costco Members than what I was getting outside of it. Most companies are online companies, but I didn't have any issues with them.”

    - Paulina M., Chicago, IL, 07/2018
  • “Great experience and great pricing through the Mortgage Program for Costco Members. Plan to use in the future and recommend it to anyone.”

    - Tyler C., Eagle Mountain, UT, 07/2018
  • “I've used this program 6-7 times for new home purchases & refinances. Our mortgage consultant was incredible from first contact all the way through closing. Excellent communication throughout and very knowledgeable. Awesome support team as well. Make sure to ask for Doug Moore, he's been our advocate over the years.”

    - Jesse G., Rocklin, CA, 06/2018

Individual results may vary.