Space Coast Credit Union

Solutions for your saving, spending, and borrowing needs so you feel confident in achieving your goals. When it comes to buying or refinancing your home, we're here to make sure the whole process is smooth! Powered by technology and backed by people, our online and mobile banking solutions save you time, and offer the most in security! When searching for the right checking account, most people would prefer one that's "free" - and rightly so.

But it can be hard to know what exactly "free" means today when we know that fees and terms are often the name of the game. The reality is that financial institutions will define "free" in different ways. Refinancing a car involves replacing the current loan on your vehicle with a new loan that typically has more agreeable terms. This can take place with your current lender or with a different one.

To help you navigate this process, we're sharing the pros and cons of refinancing a vehicle, the steps involved in refinancing, and when it makes sense to do so.