September 21st, 2018


Homeownership is, for millions of people, a true part of the American dream. Buying one of the many homes for sale is something that thousands will consider doing this year. The market is strong, with a lot of variety in terms of what homes are available. And, best of all, today's mortgages are more affordable and beneficial than ever before.

But what about those who already have a home and a mortgage? For these individuals, taking the time to go through the process of refinancing a mortgage may be well worth doing.

Refinancing Basics

Refinancing is just what it sounds like - taking out a new loan to replace your existing one. Essentially, your refinanced loan will pay off the principle owed on your current one and become the new loan that you pay on a monthly basis. Already, Americans have a total of $9.9 trillion in mortgage debt, and a refinance could be one of the best ways to ease the burden of a mortgage.

Top Reasons To Consider Refinancing Your Mortgage

Interestingly, mortgage refinances have fallen to their lowest point in 10 years recently. This is due largely to rising interest rates, but the fact remains that for many, refinancing could offer very real benefits that are worth considering. If you're unsure of whether or not you should refinance your home, looking at some of these benefits may help you make up your mind.

Lower Interest Rates

Despite the fact that interest rates have increased a small bit over the last year, refinancing could help you secure an interest rate much lower than you currently have. Even landing a rate that is 1% lower than your current one could help cut your monthly mortgage bill by a large margin and give you more extra cash in your wallet.

Build Equity

Changing from a 30 year loan to a 15 or 20 year loan structure could make it easier to build up equity in your home and save a large amount of money over the course of the loan.

Use Your Equity

If you already have built up equity, you can refinance to take advantage of that equity. Whether it's paying off credit card accounts or sending a child to college, refinancing could make it easier to pay off your bills by giving you a large influx of cash.

Credit Score Changes

If your credit score has changed dramatically, you may be able to secure a totally different loan with better terms. This can include interest rates, monthly fees, terms, and more.

Change Your Program

If you began your mortgage with an Adjustable Rate Mortgage, or ARM for short, you can use the refinance to secure a more stable fixed rate mortgage. This is excellent for those who aren't selling their home but prefer to remain in it since it gives them better stability.

Getting Started

If you're ready to refinance your home, local help is here to help make it happen. Contact a mortgage expert today.

AP Mortgage

980 9th Street Suite 1780, Sacramento, CA 95814 707-592-1732
At AP Mortgage, they embrace the concept of ownership with enthusiasm and optimism for the future of housing in America. As individuals, every employee at American Pacific Mortgage takes personal ownership in the process of originating home loans that will make your dream of ownership a reality.

Paul Wells

Jason was very easy to work with. The reason is that he was very responsive to all my questions, he pushed my line through very quickly, and his staff were very supportive and patient and guiding me through the process. This is not the first time I worked with Jason I have worked with him in the past and he is the only person I will work with. I highly recommend him to anybody who is unsure about refinancing in the modern digital era. Lynne Wells



I came to AP Mortgage terrified, not knowing the home buying process as a first time buyer. I was pleasantly surprised that Jason took the time to meet with me, and educate me himself. I was very impressed by that. My home buying process took a few weeks, with the help of his team, who always quickly answered my questions and got me through all the details. And everyone was so kind also. Thank you!


Lakenya Webber

Jason and his team provided excellent and professional service throughout the entire home buying process. They worked around the clock and were thorough in answering any questions we had along the way. Buying a home can be emotionally overwhelming, but Jason made the experience surprisingly very smooth!


Tyler Maszk

As first time home buyers, our experience with American Pacific mortgage was wonderful! Jason Mata did a phenomenal job walking us through every step of our loan. He was able to put together something that worked for our budget and was always readily available to answer any questions we had along the way!


Herlin Guerra-Sagastume

Jason and his Team exceeded our expectations while they helped us getting the loan to buy our first home! Jason was respectful of our knowledge of acquiring a home (or lack thereof) and helped us understand the loan process by telling us about what to expect and answering basic and complex questions (many of them!). Understandably we all have different priorities and expectations; regarding ours, Jason and his Team were able to gain our respect for various reasons. Just to mention a few, we LOVED how they tailored the process and dealt with us virtually (phone, txt, email, their app) until there was a need to meet in person. Also, they communicated constantly and made the process appear seamless. We definitely felt like we received a personalized treatment package. Thank you Jason and Team! !


Misty W.

Jeremy was extremely helpful with the loan for our first home. He communicated every step of the way and was really easy to work with, which made the buying...


Desiree S.

Jeremy was so calm and supportive and gave me direction every step of the way! Even when I was anxious out of my mind throughout the whole process. He kept...


Adrian N.

Jeremy was with Brianna and I every step of the way. Any questions we ran into we're quickly answered in great detail. When we ran into an issue with...


Carina Kool

Jeremy was a pleasure to work with. He was very responsive to all of our inquires. We highly recommend him to anyone looking to purchase a home or to refinance their home.


Melanie Jordan

Jeremy was really great to work with! He was very responsive to all of my requests and made the entire loan process very easy to understand. I highly recommend Jeremy to anyone looking to buy or refinance!


Dustin Dravland Robinson

If you don’t think you can afford to own your own home or if you want the best pricing/terms on the purchase of an investment property, talk to Jeremy! Jeremy has amazingly innovative lending structures to help just about anyone (and anywhere) get onto the home ownership ladder and get off the rental circuit. I highly recommend Jeremy as a lender after he has consistently helped many of my clients get pre-approved and find their dream home after they never thought it was possible. Call/Text/Email Jeremy today! Sincerely, Dustin Dravland Robinson, Realtor who has sold over 100+ homes with over a decade of experience in California real estate.


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