Home Refinance

Home Refinancing Information

Home refinancing is the process of replacing your existing mortgage with another with more favorable terms, such as a lower interest rate.

If today’s interest rates are lower than your current mortgage, refinancing could save you money by lowering your monthly payments.

Your home is an important financial asset. You can invest wisely in your home by refinancing your existing mortgage to one with a lower interest rate and better terms. Refinancing could lower your monthly payment and also lower your overall borrowing costs, saving you money in the long run. If you currently have an adjustable rate mortgage, refinancing to a fixed-rate can give you the security of knowing that your rate will never change for the life of the loan.​

Benefits of Refinancing Your Home Mortgage

Lock in a Fixed Rate

If you currently have an adjustable rate mortgage, you can refinance to a fixed-rate loan. Having a fixed interest rate will give you the security of knowing that the rate will never change for the life of your loan.

Save Money

Refinancing could lower your interest rate, monthly payment, and overall borrowing costs.

Personalized Service

RCLF cares about making sure that our clients have a mortgage that makes the most financial sense and is one that they can afford. That’s why you’ll receive personal service from one of our dedicated loan officers who will review your current mortgage. They’ll be able to help you decide if now is the right time to refinance.

Submit a Home Refinance Inquiry Form

Renaissance Community Loan Fund makes it easy to get started. You may fill out the inquiry form below, send us an email to refinance@rclfms.com, or call (228) 896-3386 and ask to speak with a loan originator.

Please note that our services are only available within the state of Mississippi & Alabama. This program is not available for mobile homes.