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.

Dina Aghashani

As a first time home buyer I was very nervous and didn’t know what to expect about the home buying process, but thanks to Jason it soon became the best experience ever. Him and his whole office staff were with me every step of the way making sure I understood everything and making the whole thing as simple and straight forward as possible. I have already recommended Jason to all of my family and friends and can only say that I am so happy I chose him as my lender and will be going only to him for all of my future home financing needs whether it be refinancing or upgrading to a bigger home. Thank you Jason for everything, We are so happy in our beautiful new home!


Fernando Gonzalez

If I could give 10 stars I would! Jason Mata and his team made it possible for me to own my first home through an FHA program. Jason took the time to explain the home buying process and made it easy to understand. I was fortunate enough to have Nicole Weber as my realtor. Nicole went above and beyond to make sure every step involved in the home buying process went smoothly. Words can’t describe how much of an amazing job she did! I highly recommend APM! Thank you everyone from APM!


Wolf Eclipsed-03

Jason Mata with American Pacific Mortgage is amazing, excellent customer service and excellent team, all super friendly and easy to work with willing to help. Me and my wife met with him at his Davis office and within 20-30 minutes, we were approved! I had been working with another broker that just wasted our time, pulled our credit report twice to later tell us we were not approved. I truly wish we had gone to Jason Mata in the first place but we are glad we met with him to help us purchase our house. I only spoke with Jason during the application process and then when he called me to tell us. How are you? Hey! You are going to be home owner today! Your realtor will be in touch to make arrangements and give you your keys. We rate Jason five stars because is the highest but with my own words here I am rating him ten starts. I have already referred Jason Mata to some friends and relatives and will not recommend anyone else but Jason.


Rebecca Chavez

Jason and his team were great to work with. They kept us well informed and kept the process moving along. We were in our house in 30 days.


Rachel Melnick

Jason was amazing! As first time home buyers, we were uncertain about what would be the best options for us (or if we even wanted to buy a home). Jason walked us through the process by being informative, never pushy and by helping us find loan options we didn't even know we qualified for. He was also always available whether it was an evening text or weekend call. We're now ecstatic in our home that closed in 22 days with his assistance. Thanks Jason!


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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