MORTGAGE REFINANCE IN LOUISIANA
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REFINANCE YOUR MORTGAGE. SAVE MORE MONEY.
Refinancing your mortgage can feel complicated. But it doesn't have to be that way.
EXPERT GUIDANCE
Refinancing your mortgage can be confusing. But you won't do this alone because our trusted experts will guide you.
SAVE MORE MONEY
Shorten the term of your loan and save you thousands of dollars with historically low mortgage interest rates.
PAY OFF DEBT
Use the money you save from refinancing your mortgage to pay off high-interest debt like credit cards and personal loans.
FOUR SIMPLE STEPS TO HELP YOU GET THERE.
WE PROMISE TO MAKE REFINANCING YOUR MORTGAGE QUICK AND EASY.
COMPARE
We'll help you compare mortgage refinance rates and payment terms to find the best fit for you.
CALCULATE
Run the numbers and calculate your monthly loan payment to see how much you could save.
PREPARE
We'll help you get prepared to refinance your mortgage and make things quick and easy for you.
APPLY
Just imagine how good you will feel when you start saving more money with a lower mortgage payment.
COMPARE MORTGAGE REFINANCE RATES.
Contact our mortgage representatives at mortgage@Louisianafcu.org for the current home loan rates.
Rates effective as of 2:41 P.M. CT, September 1, 2023
Rates subject to change without notice.
APR: 5.910%
POINTS: 1.000%
What's the APR?
The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $120,000 and an estimated property value of $150,000. The property is located in LaPlace, LA and is within St. John the Baptist county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 30 days and the assumed credit score is 740.
At a 5.50% interest rate, the APR for this loan type is 5.910%. The monthly payment schedule would be:
- 120 payments of $1,302.32 at an interest rate of 5.50%
If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.
APR: 5.789%
POINTS: 1.000%
What's the APR?
The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $120,000 and an estimated property value of $150,000. The property is located in LaPlace, LA and is within St. John the Baptist county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 30 days and the assumed credit score is 740.
At a 5.50% interest rate, the APR for this loan type is 5.789%. The monthly payment schedule would be:
- 180 payments of $980.50 at an interest rate of 5.50%
If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.
APR: 6.233%
POINTS: 1.000%
What's the APR?
The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $120,000 and an estimated property value of $150,000. The property is located in LaPlace, LA and is within St. John the Baptist county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 30 days and the assumed credit score is 740.
At a 6.000% interest rate, the APR for this loan type is 6.233%. The monthly payment schedule would be:
- 240 payments of $719.46 at an interest rate of 6.000%
If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.
Email us for our 30 year mortgage rate at mortgage@love365cn.com.
What's the APR?
APR: 3.713%
POINTS: 1.000%
What's the APR?
The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $120,000 and an estimated property value of $150,000. The property is located in LaPlace, LA and is within St. John the Baptist county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 30 days and the assumed credit score is 740.
At a 3.250% interest rate, the APR for this loan type is 3.713%. The monthly payment schedule would be:
- 119 payments of $ $1,480.83 at an interest rate of 3.250%
- 1 payment of $1,457.31 at an interest rate of 3.250%
If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.
APR: 3.570%
POINTS: 1.000%
What's the APR?
The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $120,000 and an estimated property value of $150,000. The property is located in LaPlace, LA and is within St. John the Baptist county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 30 days and the assumed credit score is 740.
At a 3.250% interest rate, the APR for this loan type is 3.570%. The monthly payment schedule would be:
- 179 payments of $934.05 at an interest rate of 3.250%
- 1 payment of $913.87 at an interest rate of3.250%
If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.
APR: 4.256%
POINTS: 1.000%
What's the APR?
The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $120,000 and an estimated property value of $150,000. The property is located in LaPlace, LA and is within St. John the Baptist county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 30 days and the assumed credit score is 740.
At a 4.000% interest rate, the APR for this loan type is 4.256%. The monthly payment schedule would be:
- 239 payments of$893.69 at an interest rate of 4.000%
- 1 payment of $869.94 at an interest rate of 4.000%
If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.
APR: 6.816%
POINTS: 1.000%
What's the APR?
The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $120,000 and an estimated property value of $150,000. The property is located in LaPlace, LA and is within St. John the Baptist county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 30 days and the assumed credit score is 740.
At a 6.311% interest rate, the APR for this loan type is 6.816%. The monthly payment schedule would be:
- 239 payments of $741.61 at an interest rate of 6.311%
- 1 payment of $705.36 at an interest rate of 6.311%
If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.
HOW TO GET PREPARED TO REFINANCE YOUR MORTGAGE.
CHECK YOUR CREDIT SCORE
Your credit score is a number between 300 to 850 and it is based upon your spending, payment, and credit history. The higher your credit score is, the easier it can be to get approved for your mortgage.
How to get prepared: We recommend you know what your credit score is before applying for your mortgage using the annual free credit report.
KNOW YOUR HOME'S ESTIMATED VALUE
We will use independent appraisers to assess the value of your house which helps us determine how much you are eligible to borrow.
How to get prepared: Click here to get a basic understanding of what your home's value might be before applying for your mortgage refinance.
REVIEW YOUR DEBT-TO-INCOME RATIO
Your debt-to-income (DTI) ratio is calculated from how much of your total monthly income (before taxes are taken out) goes towards paying off your debt. This helps us to understand what percentage of your income will go towards your home loan.
How to get prepared: Your new mortgage payment (including taxes & insurance) and all other monthly debts (credit card payments, car loan payments, student loan payments, etc.) should not exceed 41% of your gross monthly income.
APPLY TO REFINANCE YOUR MORTGAGE.
Our trusted mortgage refinance experts will guide you every step of the way to help you get there.
Louisiana Federal Credit Union membership is required. Approval and APR are based on creditworthiness.
