Everything costs more today.
Switch your home loan to the Lakeland's LOWEST RATE and save thousands of dollars in interest. We'll also make it easy to transfer by offering a cash back BONUS to cover fees!
*LCU continually monitors competitive rates to ensure we are best in market.

Current Mortgage Rates

1 Year

MVP Fixed Rate

2 Year Special

Insured MVP Fixed Rate

3 Year

MVP Fixed Rate

4 Year

MVP Fixed Rate

5 Year Special

Insured MVP Fixed Rate

To get your unique Member Value Pricing(MVP), please contact one of our trusted advisors.
*Certain conditions apply. *Rates subject to change without notice.

First Time Home Buyers

Mortgage that fits the most significant financial decision in your life

Home Equity Line of Credit

Financing your most important decisions

Mortgage Renewals
Renewing your mortgage is easy.
Our friendly, qualified and experienced lenders are eager to meet with you to customize financing options that suit your life.
Speedy Approvals – Decisions are made within our branch so we can usually approve your mortgage request within 24 hours with all qualifying documentation submitted.

Pre-Approval – Completing a mortgage application before you shop gives you the advantage in knowing how much you can spend before you purchase your new home.

Mortgage Freedom Faster – The 20/20 pay-down option allows you to increase your monthly payments by 20% or pay down your mortgage principle balance by 20%. You could save thousands of dollars and be debt-free sooner.
Monthly Mortgage Statements – Know exactly where you are in your repayment schedule. Which can be found on your monthly statement.

Insurance Requirements
– We can help you choose a combination of insurance including life, disability, critical illness, or job loss insurance to ensure you get the coverage you need.

Mortgage Insurance

Mortgage life insurance is the least expensive way to have a replacement income. With this insurance on your mortgage, your family’s biggest debt is turned into its strongest asset.  Considering that term insurance is the least expensive way to provide for your family’s financial future, it makes sense for just about everyone to do so.  It’s even more sensible for families with high mortgages.  With all the financial pressures your family may face in the event of an untimely death, mortgage life insurance can give you peace of mind.

Life Insurance for Mortgages

Mortgage life insurance is the least expensive way to have a replacement income

The cost for a 35-year old male with a $100,000 mortgage will average about $13 per month.  The policy you hold is what the insurance industry calls term or creditor insurance.  You pay premiums for the coverage for a specific term or length of time, such as a 20 or 25-year mortgage. Once the mortgage is paid, your financial risk has ended, so the policy ends too.

With this insurance on your mortgage, your family’s biggest debt is turned into its strongest asset.  Considering that term insurance is the least expensive way to provide for your family’s financial future, it makes sense for just about everyone to do so.  It’s even more sensible for families with high mortgages.  With all the financial pressures your family may face in the event of an untimely death, mortgage life insurance can relieve much of that pressure.  It means your family can live mortgage-free.

Critical Illness Insurance for Mortgages

Today, the odds of beating a critical illness are better than ever. 

Almost 80 percent of people under age 55 who suffer a heart attack will survive.  Three of every four persons who suffer a stroke will live.

While that’s all great news, the reality is that living with life-threatening cancer or after a heart attack or stroke is never easy.  Everything you and your family have worked for and earned is suddenly at risk.  You might be unable to return to work or have to manage on less income or face new expenses like private homecare.

With critical illness coverage for your mortgage, you’re free from your largest debt.  If you’re diagnosed with life-threatening cancer, suffer a heart attack or stroke, the policy pays for mortgage balance in full.

Critical illness protection for your mortgage can help you save your savings.  Without coverage, a life-threatening illness could mean using your savings for mortgage payments.  If you saved five percent of your income for ten years, your savings could be lost in just six months of serious illness if you had no other means of income.  You can keep your savings and end your mortgage payments by choosing mortgage critical illness coverage.

Disability Insurance for Loans

No one, including you, knows the odds of suffering an injury or illness that keeps you from working

With this uncertainty, you should be mindful about how loan debts increase your monthly expenses and financial risk.  If you should become temporarily or permanently disabled and unable to work, you may lose part or all of your income.

A big reason why you received the loan was because your income indicated you could repay the debt.  While disability could take away your income, it doesn’t stop your loan payments.  Meeting the loan payments with less income could cause you financial stress.  You might have savings to fall back on, but years of savings could be lost when your income is cut short by a few months of disability.

With disability insurance on your loan, you can replace part of your lost income and reduce your financial stress.  Usually, the insurer makes the loan payment on your behalf.  The amount of the payment and the length of time the insurer will make the payments can vary.  Ask your loans officer for details on the policy in place at Lakeland Credit Union.

Mortgage Calculator

Use our mortgage calculator to better understand what you can afford and plan out your payments. Use the (+) Compare button below to comparing different scenarios.
Disclaimer: This calculator is intended for illustrative purposes only. Based on the accuracy of the information you provide and other variables including terms and interest rates, individual circumstances may differ. Professional advice from a Lakeland Credit Union representative is encouraged.


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