Important Information: If you've received a new OceanAir credit card or debit card via mail but haven't activated it yet, please do so by calling 1.833.400.0493 and following the prompts.
December 10, 2025

Is Now the Right Time to Refinance?

Is not the right time to refinance

Refinancing your mortgage can be a smart financial move—but timing is everything. Here are a few key reasons why now might be the right time to take a closer look:

  1. Interest Rates May Have Dropped
    Even a small decrease in your interest rate can lead to significant savings over the life of your loan. Lower rates mean lower monthly payments and more money in your pocket.
  2. Your Financial Goals Have Changed
    Life happens—maybe you want to pay off your mortgage faster, reduce monthly expenses, or free up cash for other priorities. Refinancing can help you align your mortgage with your current goals.
  3. You’ve Built Up Home Equity
    If your home’s value has increased, you may qualify for better terms or tap into that equity for renovations, education, or other needs through a cash-out refinance.
  4. Consolidate Debt
    Refinancing can help you roll high-interest debt into one manageable payment at a lower rate.

OceanAir Can Help Our Home Loan team will review your current mortgage and explore options that fit your life today. Whether it’s lowering your rate, shortening your term, or accessing equity, we’ll guide you every step of the way.

Ready to see if refinancing makes sense for you?
Please visit https://oceanair.org/home-loan-overview/ or call 805-988-2151 ext. 8504 to schedule your mortgage check-up.

Latest News

  • Navigating Home Loans in a Changing Environment

    Interest rates have been higher than many homeowners and buyers expected—but the good news is, they’re starting to trend downward. So, what does that mean for you? Whether you’re thinking about buying or considering a refinance, here are some smart steps to take: 1. Understand the Current Landscape Rates are still elevated compared to historic...
    Continue Reading

  • Thinking About Buying a Home? Start Smart.

    Buying a home is one of life’s biggest decisions—and it pays to be prepared. Whether you’re a first-time buyer or looking for your next dream home, here are a few tips to get started: Know Your Budget: Understanding what you can comfortably afford is key. Factor in not just the mortgage payment, but taxes, insurance,...
    Continue Reading
  • skip a pay oceanair

    Skip One of Your Loan Payments with a Holiday Skip-A-Pay

    Our Skip-a-Pay program gives you the opportunity to defer your monthly payment on qualifying consumer and vehicle loans. Interest charges will continue to accrue, and your skipped payment will be applied to the end of your loan term. It’s easy to take advantage of this offer.Please visit one of our branches or call us at 805-988-2151 Skip-A-Pay...
    Continue Reading
You are leaving the OceanAir Federal Credit Union website

You are being directed to a third-party website.

Please note that this third-party website is not controlled by OceanAir Federal Credit Union or subject to our privacy policy.

Thank you for visiting our site. We hope your visit was informative and enjoyable.