Refinance Loans

A refi could leave you with more money each month.

Things change. Like, interest rates. Or household expenses. Or financial goals. The bottom line is that the mortgage you got awhile back may no longer be a great fit. Let the lending team at ALLIANCE explain how you can get a new loan that pays dividends in the short term or over the long haul. We're experts at helping homeowners in Lubbock, TX, and surrounding counties.

• Lower your payment: If interest rates have dropped, your new loan should have reduced monthly payments. Use the savings for home improvements, college, retirement planning or anything else.
• Eliminate debt faster: By moving to a shorter repayment period, you can become mortgage-free in fewer years and reduce your overall interest charges.
• Get extra cash: If you've built up equity in your home, you can refinance your loan for more dollars than you currently owe. This is called cashing-out, and you can use the extra money for anything at all.
• Buy breathing room: If your budget is a little too tight, you can convert to a longer repayment period, which should lead to lower monthly payments.

Refinancing Features

• Fixed-rate and adjustable-rate loans
• Repayment periods of 10, 15, 20, 25 or 30 years
• Friendly one-on-one assistance from our credit union team