woman laying in chair

Mortgage Refinance

Discover the endless possibilities of refinancing your home.

Service and guidance you can trust.

Refinancing can be a huge financial decision — one that includes a lot of different factors that can be overwhelming on your own. At Lafayette Federal, you can trust our local mortgage experts who will guide you through the decision from start to finish.

Why should you refinance your home?

Members refinance their home for all kinds of reasons, but here are some of the most common reasons why you should.

Payment/Loan/Bill Pay class=”wrapper”>

Lower your monthly payments

If you refinance at the right time with the best term, you may reduce your monthly payments and save more money.

Calendar class=”wrapper”>

Reduce your loan term

When you change the term of your loan, you could save even more by reducing your interest payments and paying off the loan sooner.

Lock with Percentage class=”wrapper”>

Consolidate debt

Consolidating debt is one of the best ways to pay off your debt earlier at a lower interest rate. Your financial health will thank you.

House class=”wrapper”>

Improve your home

Have you been waiting to make some improvements to your home? Refinancing can be a great place to start to cover the cost of home improvements.

Our members say the nicest things.

LFCU has been a lifesaver. I originally had a mortgage on my home with Merrill Lynch (ML). Although ML gave me a mortgage, they not only reserved the right to foreclose on the loan if I defaulted, but they also took an additional security interest on my actual ML account! This means that ML could have foreclosed and/or liquidated my brokerage account with them. After a few years, I had enough and moved over to LFCU. The transition was painless, worry-free and there was no double-dealing! I’ve been a loyal member since 1988, and plan to be one forever. The LFCU folks are always friendly, helpful and courteous. Thanks a million!

Rumu S.Member

Related resources

Explore our blog for tips, practical advice, and financial guides to help achieve your goals today and tomorrow.

homeowners

Start Strong: Renter’s guide to building financial stability.

For decades, home ownership has been an integral part of achieving the “American dream,” but today’s interest rate environment and record high home prices have driven many people to think carefully about whether owning a house makes financial sense for them. An increasing number of today’s younger people feel home ownership is increasingly beyond reach…

Read more
fha va loans

FHA vs. VA Loans: A comprehensive guide to government-backed mortgages.

If you’re considering purchasing a home and exploring loan options, you’ve likely come across FHA and VA loans. These government-backed loans offer unique benefits and cater to specific groups of borrowers. This guide will walk you through each loan type’s key features, benefits, and eligibility requirements, so you can make an informed decision if either…

Read more
mortgage scams

Unveiling Mortgage Scams: Safeguarding your investment.

Having your home or other property stolen out from under you may seem highly unlikely to most people, but mortgage-related scams and fraud have become more sophisticated recently mainly because so many real estate transactions now take place entirely online. Let’s be clear – it is possible to buy or sell a piece of property…

Read more

Ready to apply to refinance your mortgage loan?

Get started
Schedule a meeting
Stop by one of our branches
Find your closest branch
Get in touch
Contact us

Disclosures

Equal Housing Lender. NMLS#: 464425

Equal Housing Lender