Refinance in Indiana

Is your mortgage still ideal for your needs, or are there changes you would like to make?
Refinancing your home loan could be in order.

Why Refinance Your

When you refinance your home loan, you have the opportunity to:

  • Lower your mortgage rate.
  • Change the format of your interest rate.
  • Get more time to pay off your mortgage.
  • Potentially stop paying mortgage insurance.
  • Cash out some of your home equity.
  • Renegotiate terms.
Mortgage Refinance in Indiana

When Should You Consider Refinancing in Indiana?

There are many scenarios where refinancing a mortgage may be appropriate. Let’s look at a few examples.

Your credit score is higher than it was when you took out your loan, your income has increased, or your DTI ratio has gone down. This might open the opportunity to refinance to a more competitive mortgage.

You have had sufficient time to boost your home equity to the point where you could stop paying MIP or PMI if you refinance.

You need to reduce your monthly payments after your income has decreased. By extending your loan term, you can do so.

You have been paying an adjustable rate on your mortgage, but now want to switch to paying a fixed, predictable rate.

You have been paying a fixed rate, but have recently made the decision to move out of your home sooner than you expected. With the introductory rate on an adjustable rate mortgage, you could save money for moving, so you want to refinance.

You want to consolidate your loans.

You need a lump some of cash, for example for home upgrades. With a cash-out refinance, you can remove some of your home equity as cash.

While refinancing is one way you can make changes to your home loan, it may not be your only option. We can discuss all of the possibilities with you during your mortgage consultation. Our goal is to find the way to help you minimize the cost and maximize the benefits.

In fact, after we review all the factors at work in your scenario, we can help you to calculate how much you can expect to save if you refinance.

See What Our Clients Are Saying About Us

Nancy Turoci
Nancy Turoci
14:15 17 Feb 21
My experience with Lake Mortgage was pleasant. Carol Hasler was awesome to work with. She knows her stuff and if she didn't she'd find out for you. They keep you in the loop every step of the way of closing on your house and they send you all the documentation as well. I give Carol a 5 star and her team for doing an awesome job.
james walton
james walton
23:25 05 Nov 20
Came here 5yrs ago as a first time home buyer and here I am back again just closed on my refinance. The process was smooth & the service was excellent from beginning to end. My loan officer Mike Conley was terrific and so was Corina my mortgage loan closer..Any questions I had they answered. Happy to have done great business again with Lake Mortgage. I would give 10stars if I could
linda jansky
linda jansky
17:55 18 Mar 20
Excellent customer service! I highly recommend Lake Mortgage. Michael Conley and his staff were very professional and helpful. They were available to answer my questions and walk us through the process. You will get personal service and not feel like a number with them.
Mark Toth
Mark Toth
20:23 27 Sep 19
Lake mortgage made the process of purchasing my first home super exciting and stress free. Sean Conley was extremely helpful and very detail oriented. He was always immediately available when I had questions. I am very grateful to have dealt with lake mortgage for all of my home buying needs!!
Kim Gonzalez
Kim Gonzalez
16:07 19 Jun 19
Thank you for everything and walking me through this mortgage process. It is having the comfort and knowing I have a good lender. Lake Mortgage Co is a local lender located in Merrillville, IN. They educate you on home buying and lending and make sure you're receiving the type of mortgage, rate and amount you need. No overselling and always upfront and honest. Sean Conley, you and your team, Teena, Susan and Corina were very professional and very helpful through my home buying and lending process.Thank you for giving me a another good home purchase experience.

Refinance Your Mortgage in Indiana Today!

Ready to refinance your mortgage? Please give us a call today at (219) 756-5626 to schedule your consultation. We work with customers throughout Indiana. Let’s make your home loan work for you.