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People Driven Credit Union

Mortgage Refinance

Lower Your Payment or Pay Off Faster

Refinance Your Mortgage

Refinance Your Mortgage with People Driven Credit Union

Lower your monthly payment, shorten your term, remove PMI, or switch from an ARM to the stability of a fixed rate backed by a Michigan-based team that keeps it simple.

For today’s fixed or adjustable first mortgage loan rates, call 616-301-1714 or use this quick one-minute form to get a Personalized Mortgage Quote. Down payments are required.

Get a Personalized Mortgage Quote

Choose Your Path

Meet Our Mortgage Loan Officer

Michelle Dzon is authorized to act as an agent on behalf of People Driven Credit Union. Contact her for personalized assistance with your mortgage needs.

Michelle Dzon

Michelle Dzon

Member First Mortgage
michelle.dzon@memberfirstmortgage.com
616-301-1714 | NMLS ID: #401292 | People Driven Credit Union NMLS ID: #776727

 

What We Offer (The Big Four)

  • Rate-and-Term: Reduce your rate and/or adjust your term to lower payment or pay off faster.
  • Cash-Out: Tap equity to consolidate higher-interest debt or fund major projects.
  • ARM → Fixed: Leave the guesswork behind and lock in predictable payments.
  • PMI Removal: With 20%+ equity, you may be able to eliminate private mortgage insurance.

How the Process Works

  • Share your goals: Start online, request a quote, or call us.
  • See scenarios: We’ll show payment options, terms, estimated costs, cash-out impact, and PMI implications.
  • Appraisal & underwriting: You provide income/asset docs; we guide you step-by-step.
  • Close & save: Sign, fund, and start your new payment schedule.

What You’ll Need

  • Recent mortgage statement, homeowner’s insurance, property tax info
  • Pay stubs/W-2s or income verification (self-employed: two years of returns)
  • Photo ID and recent asset statements

Break-Even (Plain English)

Refinancing includes closing costs. Divide total estimated costs by your expected monthly savings to find your “break-even” months. If you’ll keep the home longer than that, a refi can make sense. If the numbers don’t pencil out, we’ll say so, no pressure.

Frequently Asked Questions

Call 616-301-1714 or request a Personalized Mortgage Quote. Rates vary by credit profile, loan-to-value, property type, and program, and can change at any time. Down payments are required.
Yes. Many members refinance from an ARM to a fixed-rate loan for payment stability and long-term predictability.
If your equity is at least 20% based on current value and loan balance, you may be able to eliminate PMI with a refinance.
Timelines vary with appraisal, documentation, and underwriting. We’ll give you a clear checklist up front to keep things moving.

Disclosures

Equal Housing Lender logo

Equal Housing Lender. Member First Mortgage, LLC (MFM) NMLS ID# 149532. All loans are subject to credit approval. Terms and conditions apply. Mortgage insurance may be required based on borrower qualifications. Program availability is subject to change without notice.

Mortgage rates change daily; therefore, inquire with PDCU for current mortgage rates.

Enjoy the added convenience of making payments with direct deposit. *Use of a calculator tool is not a guarantee of credit.

*Available to all borrowers using a Conventional or Government mortgage loan program on a purchase or refinance transaction with People Driven Credit Union, NMLS ID# 776727, and Member First Mortgage, LLC (MFM), NMLS ID# 149532 only. All loans are subject to approval. additional restrictions may apply.

  • Lower your monthly mortgage payment
  • Eliminate Mortgage Insurance payments

Closing Costs Promo:

Conventional Disclosure: Available to all borrowers using a conventional mortgage loan program on a purchase or refinance transaction with People Driven Credit Union, NMLS ID: 776727, and Member First Mortgage, LLC (MFM), NMLS ID: 149532. Eligibility requires a borrower credit score of 620 or higher; detached, owner-occupied properties only. Refinancing an existing mortgage loan may result in higher total finance charges over the life of the loan. This is not a commitment to lend.

Member First Mortgage, LLC is an affiliate of People Driven Credit Union.

  • People Driven Credit Union: 24333 Lahser Rd., Southfield, MI, 48033 | (248) 263.4100 | NMLS ID: 776727.
  • Member First Mortgage, LLC Corporate Office: 616 44th Street SE, Grand Rapids, MI 49548 | (866) 898.1818 | NMLS ID: 149532.

Equal Housing Opportunity.

Example: Based on a $200,000 loan with a conventional 30-year fixed rate term (360 monthly principal and interest payments of $1,280.62, not including taxes and insurance); annual percentage rate (APR) of 6.732%. The down payment assumes a 5% cash requirement by the borrower, with 95% financing.

The cost of Private Mortgage Insurance (PMI) is waived as part of this promotion, to be paid by the Lender.  This is not a commitment to lend. All lending products are subject to credit and property approval. Refinancing an existing mortgage loan may result in higher total finance charges over the life of the loan. People Driven Credit Union 24333 Lahser Road, Southfield, MI 48033 | (248) 263.4100| NMLS ID: 776727.

$100,000 – 30-year term at the interest rate of 7.928%, the monthly payment would be approximately $729.

Payment Examples Do not include taxes and insurance; the actual payment obligation will be higher.

*APR = Annual Percentage Rate. Your actual APR will be determined at the time of disbursement and will be based on your application and credit information. Rates quoted assume excellent borrower credit history. Not all applicants will qualify for the lowest rate.

SAFE Act Compliance Testing:
We conduct annual independent testing of our mortgage compliance in accordance with the SAFE Act (Reg G) requirements.

All other trademarks are the property of their respective owners.

Equal Housing Lender logo People Driven Credit Union is an Equal Housing Opportunity Lender NMLS #776727

Membership Requirement:

All accounts and loans require membership at People Driven Credit Union. Membership is available to individuals who live, work, worship, or attend school in the State of Michigan, as well as relatives of current members. To complete an application for any account or loan, you will need the following information:
  • A valid Driver's License, State ID, or Passport with your current address
  • Your Social Security Number
A Membership Share Savings Account is required to establish membership at People Driven Credit Union. A $5 deposit secures your ownership share in the credit union and unlocks access to our full suite of products and services. This account earns 0.01% APY with a $5 minimum deposit.