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.

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!

04-26-2019

Denise Stratt

Jason and his team were simply amazing. If you are looking for a loan officer that is an expert within the housing industry, has a responsive professional staff, and is solution oriented then Jason and staff is for you. I cannot say thank you enough for walking me through this major purchase and explaining to me in detail all my financing options. I hope I meet you and your staff in person someday, you are all phenomenal.

04-25-2019

Just Listen

Let me TELL YOU!!!! This has been one of the MOST STRESSFUL EVENTS IN MY LIFE!!! If it weren't for Jason & His Team I would have GIVEN UP!! Our Home buying process was dragged out for MONTHS! JASON'S TEAM was there EVERY STEP OF THE WAY!! 1st of All HE got us Approved Without Perfect credit. (I'm telling y'all what I read reviews looking for). Now we are in California its expensive as Sh!+. I'm in education my husband in Law enforcement. Jason & his team worked to get us a loan that required NO DOWN PAYMENT! Granted we still had to provide some "earnest money " but If Its Out there JASON'S & HIS TEAM WILL FIND IT!! He Answers Late Calls & is Always there to hold your hand Every Step of the Way!! We're First time home buyers & a HUGE part of that has to do with JASON & HIS TEAM!! HE even told us what to fix (credit wise) to quality! It was Quick Fixes (like pay this card to this amount ") Your Scariest part is Making the Call! DO IT NOW! B/c NO MATTER THE SITUATION HE WILL GET YOU IN A HOUSE!! (at a great Locked Rate) CALL HIM Today...Call him NOW!! N👏🏽O👏🏽W 👏🏽!!

05-17-2019

Kevin Goode

I was referred to Jason by a friend, Jason and his team were amazing! I switched lenders during the middle of escrow, Jason and his team were able to quickly pickup and keep things moving along on my new purchase. They were very responsive to my questions via text, email and phone etc... Thank you again Jason, and everyone on you team!

03-18-2019

Parker Scott

Jason and his team were rock stars for us! They got our 20 day escrow closed early! We had special circumstances on top of that as my wife had to leave out of the country before our scheduled close and they got us 100% taken care of and walked us through every step. Great service!

02-27-2019

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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