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Knowledge Base Article

Refinance a Delta Community CU consumer loan to receive lower rate

If I currently have a loan, can I refinance it in order to receive the current interest rate if it is lower?

We do not refinance existing Delta Community consumer loans for the sole purpose of lowering the interest rate. The new tiered rates will apply for new loans, refinancing loans that are currently with a different lender or when adding additional money to an existing Delta Community loan with a valid purpose.

You may be able to lower your interest rate on your first mortgage or your HELOC (An additional increase of $5000 is required for a refi on a HELOC). Click on the links for more information.