September 21st, 2018

Finance

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.

Alena Magsino

My husband and I are very fortunate to have worked with Jason on purchasing our first home. There are not enough words to describe how grateful we are for him. During our initial meeting I asked Jason if he really thinks we can do this. I remember him saying “Oh, absolutely!” That statement alone boosted our confidence and made us believe in ourselves throughout this whole process. He’s kind, very professional, and always there to answer any of our questions. I wouldn’t recommend anybody else especially to those who are looking to buy their first home. Thank you so much for making us homeowners, Jason!!! You are seriously THE BEST.

09-26-2020

Christina Marie

I cannot express how awesome Jason and his team (specifically Tim) were with me. I was not ready to buy a house and my credit wasn’t great, but after our first meeting, I was motivated. They walked me through each and every step of the process. They explained everything in terms that I could understand. They were patient and understanding when I was confused or needed more assistance. Thank you so much to Jason Mata and Co. at APM.

10-16-2020

Susanna Curry

Jason and his team are persistent, thorough, responsive, courteous, and effective with every step of the lending process. They worked hard to ensure my financial readiness to take on a home mortgage, and advocated successfully on my behalf. I love my new home and feel well-prepared to care for it across the decades I plan to live there. Thank you so much, Jason & group!

09-04-2020

Eric Mayer

These guys are pros, and definitely experts in managing the system. However, they are frustratingly difficult to communicate with, as they are extremely busy. That said, they did get me access to the right loans and did get my mortgage done. I would recommend them for that reason, but would add the caveat that you should expect to be as independent and informed on your own as much as possible.

09-01-2020

Anderson Silva

After interviewing 5 different lenders, Jason & his team gave us the attention we needed & best terms/rates. He was extremely responsive to my messages & reassured us throughout each step of the process. We had a good idea of what we were getting into prior to buying our first home; Jason gave us the right amount of information to make us confident homebuyers.

10-21-2020

Louise B.

Where do I even begin?! Hands down BEST AGENT EVER! Jeremy is and was an amazing agent. I spoke with him over the phone first and he did not come off...

2020-01-23

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...

2018-03-20

Melanie J.

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...

2018-01-09

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.

2019-07-24

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!

2018-01-09

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.

2017-12-27

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