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Listerhill Credit Union is a nonprofit financial cooperative improving lives in our community.

If you live in Alabama, Georgia, Mississippi, Florida, or Tennessee, you are eligible to become a member. Depending on your individual eligibility, we may require membership into an approved association at no cost to you.

You can also qualify for membership by being a family member of a current or potential Listerhill member.

With only $5, you can join Listerhill today and start taking advantage of a lifetime membership.

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Mortgage Refinance Calculator

How It Works

When interest rates drop or market values rise, it’s a good time to think about refinancing.

First, enter the loan balance, payment, and interest rate for your current loan. Then, select a focus: do you want to reduce your term length or monthly payments? Adjust the term length, interest rate, cash out amounts, and closing costs for the new loan. See how these factors influence your total costs, how much you can save, and when you’ll break-even on monthly savings vs. refinancing costs.

Common FAQs

  • When does it make sense to refinance a mortgage?

    Refinancing your home loan can be a great option to secure a better loan for your current circumstances and future goals. It makes sense to refinance your mortgage if one of the benefits will be helpful for you:

    • Secure a lower interest rate
    • Reduce your mortgage term
    • Switch from an adjustable-rate mortgage to a fixed-rate mortgage or vice versa
    • Borrow against the equity in your home


    If doing any of the above would benefit you, refinancing might be the next best move.

  • Is it better to refinance with a credit union?

    In many situations, yes. Refinancing with a credit union can allow you to secure lower interest rates, flexible qualifications, and credit counseling to support you in being financially prepared to qualify and successfully maintain your mortgage.

  • Is a credit union better for mortgages?

    Securing a mortgage through a credit union is preferable for many seeking to purchase a new home or refinance. Credit unions often offer more competitive mortgage rates in Alabama and are more flexible with their terms and conditions.

Mortgage Refinance Requirements

When interest rates decline, refinancing your mortgage can be a good way to save money. How much you can save depends on the equity you have in your home, what your new interest rate will be, and the ...

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How to Refinance Your Mortgage

The historically low mortgage interest rates of under three percent have left many Alabama homeowners wondering if they should refinance their mortgage. While pursuing a mortgage refinance now could p...

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What You Need to Know About Refinance Documents and Paperwork

If you're thinking about refinancing your home, you can probably remember all the paperwork it took to get your mortgage approved -- and you might be feeling daunted. But the process doesn't need to b...

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Frequently Asked Questions

  • Can I use Tap to Add Card with Samsung Wallet®?

    Yes. If you have a compatible Samsung device, you can add your eligible Listerhill card to Samsung Wallet® by tapping your card to your phone.

  • Does Tap to Add Card work with Google Wallet™?

    Yes. Eligible Listerhill Visa® debit and credit cards can be added to Google Wallet using Tap to Add Card on compatible Android devices.

  • Can I use Tap to Add Card with Apple Pay®?

    Yes. Tap to Add Card allows you to quickly add your eligible Listerhill Visa® debit or credit card to Apple Pay® by tapping your card to your iPhone (or other Apple devices that support mobile wallets) when prompted.

  • Is Tap to Add Card secure?

    Yes. The feature uses secure technology to safely transfer card information to your mobile wallet, reducing the need to manually enter sensitive details.

  • Do I need to update my card or request a new one?

    No. If you already have an eligible contactless Listerhill Visa® card, you can use Tap to Add Card - no card replacement is needed.