Kim Mennen goes over a mortgage application Friday with Tim Kauffman, of Lafayette, at Tippecanoe Mortgage. By Brent Drinkut/Journal & Courier

By Meranda Watling, Journal & Courier

mwatling@journalandcourier.com

Tim Kauffman said he has been considering refinancing his home on the south side of Lafayette for awhile.

But with mortgage rates dropping to record lows, Friday seemed the right time to consolidate his two mortgages, including one with an adjustable rate due to reset soon.

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