Refinance a Home

Need a free mortgage checkup?

Check in with our pros to see if you could save money each month — or use your home’s equity to get more done. 

Apply Now Call (844) 754-6280

Refinance your mortgage

Refinancing is a powerful tool. If done strategically, you could: 

  1. Lower your monthly payment 
  2. Shorten your term 
  3. Tap into your home’s equity for renovations and debt consolidation 
  4. Save thousands over the life of your loan 

Connect with our mortgage experts to see if refinancing could be right for you.

Learn More
Four adults gathered around a dining table in a bright home kitchen, serving themselves food and holding drinks, with dishes like salad and bread spread across the table.

LMCU’s FinishLine Mortgage

Our FinishLine MortgageTM isn’t any ordinary refinance. Think of it as a speed boost that helps you pay off your mortgage faster. 

  • Only for loans currently financed by another financial institution or if home is owned outright
  • Flexible terms from 1 to 12 years3
  • Skip closing costs 

Transfer your mortgage to LMCU to accelerate the payoff!

Learn More

FAQs About Refinancing

Think of refinancing like trading in your current loan for a better one. A refinance mortgage pays off your existing home loan and replaces it with a new one — often with a different rate, term, or structure. You go through an application process similar to your original mortgage, but the goal is a loan that works harder for where you are now. 

 

The answer depends entirely on the current rate, term, and balance of your mortgage. Connecting with a loan officer can help you know for certain, but refinancing could potentially help you: 

  • Lower your monthly mortgage payment 
  • Shorten your mortgage’s overall term 
  • Switch to a different mortgage program better suited for your needs 
  • Make use of your home’s equity for use toward home improvements, consolidating higher-interest debts, and more 

Yes, but typically in a small and temporary way. Applying for a refinance triggers a hard credit inquiry, which may cause a minor, short-term dip in your score. Over time, a refinance that lowers your payment or helps you pay off debt more consistently can actually support your credit health. 

LMCU helps thousands of homeowners every year.

Here’s what a few of them had to say. 

 Our mortgage team has 4.9 stars on Zillow. 

July 2026

“We thought we needed to wait another year to buy a home, but LMCU showed there was a solution.”2

— Joseph & Hannah, LMCU members

“After refinancing, we were able to drop a whole percentage point and save $200 extra a month.”2

— Lauren, LMCU member
Award

Save even more with LMCU’s Max Mortgage discount!

0.125%1 off base rate
Disclosures

To receive MaxMortgage discount, mortgage payment must be an automatic payment that comes from an LMCU checking account with an ACH deposit. Some programs may not be eligible, discuss with your mortgage loan officer for further details.

All featured LMCU members were compensated for their time.

 

Terms of repayment any amount up to 12 years.