REFINANCING OPTIONS
Why Refinance? A smarter loan for the life you have now
Homeowners across Louisiana, Mississippi, and Alabama refinance to lower their interest rate, reduce monthly payments, shorten their loan term, or tap into home equity for renovations, education, or debt consolidation. We walk you through every option—including fixed- and variable-rate HELOCs—so you can choose with confidence.
Refinance Loan Types
Choose the rate structure that fits your budget, timeline, and comfort with change.
HOME EQUITY LINE OF CREDIT
Put your home equity to work, on your terms
A HELOC is a revolving line of credit secured by the equity you've built in your home. Instead of receiving one lump sum, you draw only what you need, when you need it, and pay interest only on the amount you use. It's a flexible way to fund renovations, consolidate higher-interest debt, or keep a safety net for life's bigger moments.
Variable-Rate HELOC
Your rate adjusts with the market, often starting lower. Ideal if you plan to borrow in stages and pay down balances quickly.
Fixed-Rate HELOC
Lock a fixed rate on all or part of your balance for predictable monthly payments, so you can budget with confidence.
Refinance
- Replaces your current mortgage with a brand-new loan
- Can lower your rate, monthly payment, or loan term
- Cash-out option gives you a lump sum at closing
- One predictable payment, often at a fixed rate
- Best when current rates beat your existing rate
DECISION GUIDE
Refinance vs. HELOC
Both options let you put your home to work. The right choice depends on whether you want to change your whole mortgage or simply tap into the equity you've built.
VS
HELOC
- Keeps your existing mortgage and rate in place
- Revolving credit line you draw from as needed
- Choose variable-rate flexibility or a fixed-rate portion
- Pay interest only on what you actually use
- Ideal for renovations, tuition, or ongoing expenses