BALTIMORE — SECU of Maryland has licensed Rate Reset to allow members to "reset" loan rates without going through a formal refinancing process.
Rate Reset can be used for auto and home loans, and Kevin Kesecker, VP and chief lending officer at SECU, said the program provides more value to members.
"Offering the Rate Reset products... provides our members with a simple and convenient way to reduce their monthly payment and/or extend their term [which] is very powerful," Kesecker said in a statement.
