Instant Rate Modification Program

Qualified borrowers who already have a DCECU rebate-eligible mortgage1 or home equity may be eligible for the Instant Rate Modification Program, which allows members to apply to lower their interest rate as frequently as they wish when rates decline – without a full refinance. For a fee, members may be able to lower their rate a minimum of 0.250% to the current rate. The Mortgage Rate Modification fee is 0.75% of the outstanding principal balance on the date the application is received by DCECU, up to a maximum of $1,250.00. DCECU reserves the right to change or terminate the rate modification program at our discretion.

If you have additional questions or would like to apply, please call 800.835.7794 or submit a Secure Message available within Online/Mobile Banking.

  1. Excludes Adjustable-Rate Mortgages ↩︎