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.

Stephanie Uribe

My experience with Jason Mata surpassed all of my expectations. Jason is very professional and incredibly helpful. He is trustworthy and intelligent and has an extensive and in-depth knowledge of his field. During each of my many interactions with Jason it was abundantly clear to me that he truly cares for his clients and goes out of his way to ensure that we are well taken care of. His kindness and pleasant yet professional demeanor is very appreciated, especially as the home buying process is such a traditionally stressful life event. Jason made my experience as easy and enjoyable as possible. I highly recommend Jason Mata and his team to anyone - especially teachers such as myself. If I find myself buying another home in the greater Sacramento area in the future I will undoubtedly be calling up Jason!

02-01-2020

Phan Lu

Awesome team work!!! I GOT to meet Jason, he is AN awesome guy! He MADE sure you UNDERSTOOD the whole PROCESS of your loan.

05-03-2018

David Esquith

Over the years I have financed and refinanced my home and have always been reasonably pleased with the experience. This, however, was the first time with Jason Mata and American Pacific Mortgage -- and it was, easily, the best experience to date. Jason was always available and made sure that everything was clear. Additionally, the others with whom I interacted were consistently polite, informative, and timely with all communication. There were no glitches or snags which made this entire process completely uneventful and drama free. Without question, I would use Jason again if I needed to refinance and, also without question, will recommend him to anyone interested in obtaining a mortgage.

01-17-2020

Serghei Terzi

We were really happy to work with Jason on purchasing our first home. We would never expect such a great, professional and honest service. After meeting Jason for the first time, we’ve got tons of confidence and positive from him. And here you go! We are the homeowners in less than 2 months! The best loan officer you can ever meet!

04-06-2020

Mariela Aguilar

Jason was very easy to work with. He made sure to explain everything and boy did I have a lot of questions. If there was any discrepancies he made sure to solve them in a timely manner. Thank you Jason for helping me achieve my dreams of owning a home! 🎉🥳

05-07-2020

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

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...

2018-06-17

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

Get A Mortgage Loan With No Down Payment At the beginning of the 21st century, the prices of the average home were skyrocketing which gave home buyers “instant equity”. Many lenders offered zero down payment home mortgages to many of their customers knowing that they would soon...
Why You Should Buy A Home in October If you live in Sacramento, CA, and you’re thinking about purchasing a home—either for the first time, or as an upgrade—you’re probably concerned more about where your home is located.
However, if you want to be smart with one...
Is an FHA Mortgage Right For You? There is nothing that should be taken lightly about buying a home in Sacramento, CA. Buying a home is one of the largest investments that most people will ever make in their lives. It requires being very careful, especially in ...
Jumping Mortgage Approvals and Your Chances Since 2017, the demand for mortgages has soared to more than 11 percent over the prior year, according to UK Finance. On the other hand, credit card spending was also much higher than in previous years as well while borrowing ...
Advice And Suggestions For First Time Home Buyers Many people wait until the beginning of the year for income tax time to roll around before attempting to buy a new home. Why? Well, the refund can help them cover the down payment to the mortgage company. Additionally, the ...
4 Reasons To Consider A Reverse Mortgage With a regular mortgage, a bank or other lender will buy a house and then you spend several years paying them back. A reverse mortgage goes in the opposite direction: you start by owning (or at least mostly owning) a ...
3 Reasons to Buy A Home in the Fall Residents of Sacramento, CA, who are thinking of making the big leap to buy a home are always looking for ways to ensure that this investment is a sound one. One way to do this is to look at the ...
Getting Mortgages For The Self-Employed Homeownership is, for many, the great American dream, but it’s also one of the most expensive that most of us will ever have in our lives. So it’s no surprise that for the vast majority of Americans, buying a home ...
Is Home Refinancing An Option For You? When you refinance your home in Sacramento, CA, you change the terms of your mortgage.  You can think of it as taking out a new loan to pay off your current mortgage all at once, and then starting payments on ...
When Millennials Are Ready To Buy, Here Is What They Need To Do You may have heard the millennials are taking their sweet time before settling down to purchase a home. Some studies say that buying a home before the age of 35 can prepare you for retirement at 65, but that doesn’t ...
Keeping Your Biggest Investment Safe This Fall For most living in the Sacramento, CA area, your home is your biggest investment. It’s not only your biggest investment financially, but it’s where you spend your time, where you make your memories, and the place you turn to in ...
How High Does A Home Down Payment Need To Be? You may have heard that the right down payment for a home is 20 percent of the total cost.  It’s true that a large initial payment like that is a good way to keep the interest rate down and lower ...
4 Reasons To Buy A Home This Summer If you’re living in Sacramento, CA and you’re wondering whether now is the time to look into buying a home, the answer is probably “yes.” It doesn’t matter whether you’re a first-time home-buyer that is tired of...
4 Factors That Affect Your Investment Property Venture Like getting involved in any business in Sacramento, CA deciding to invest in property can be an extremely lucrative venture, but that doesn’t mean it’s necessarily fast or easy to do. If you’re looking to invest in property, you...
The Unbeatable Benefits Of The VA Home Loan Buying a home is one of the biggest steps that anyone can take in their life. But the path to home ownership is practically impossible without crossing one huge bridge - the mortgage loan. Securing a home loan is something ...
Top 5 Reasons This Summer Is The Time To Buy A Home With summer here in Sacramento, CA you may be thinking of enjoying the weather and taking advantage of the season with a well-earned vacation, but there’s something else you might want to think about doing, and that’s to start looking...
What Loans Should A First Time Home Buyer Look Into? If you’re looking into owning a home in Sacramento, CA and securing financing for it for the very first time, this can simultaneously be a very exciting and uncertain experience. There are going to be a lot of new things ...
Refinancing Your Mortgage Can Lead To Better Returns Debt management is an essential skill for anyone with long term goals in Sacramento, CA. Without good debt management, you can’t maintain a decent credit score, keep student loans or car payments under control, and, perhaps most important of...
Qualifying For A Jumbo Mortgage Most people who purchase a home meet the limits set forth by Fannie Mae and Freddie Mac. These two institutions are government-sponsored and work to guarantee mortgage loans up to a certain amount. Typically, the threshold is slightly more than...
Is An FHA Loan Right For You? For many people living in Sacramento, CA one of the hopes in life is to eventually become a homeowner, with a property to call your own, living in your own house, under your own rules, just like your parents before ...
Is it a Good Idea to Pay Off a Mortgage as Soon as Possible? The answer to this question is that there really is no simple answer. Many people wonder if they should pay off their mortgage as soon as they can and it is a topic that shows up on many finance blogs ...
What Does A Credit Score Mean for Your Home Loan? For anyone that’s thinking of buying a home in Sacramento, CA in the near future, it’s important to keep track of developments in the economy. Things like upcoming rising interest rates are going to have an effect on home lending ...
Saving Money with a 20-Year Home Mortgage One of the most common mortgages big in the housing market is the 30-year fixed mortgage. This is especially true for first time Sacramento home buyers who like to extend the loan payments over a longer-term. 

The next more commonly ...
3 Points To Remember When Buying A Foreclosed House When a homeowner stops paying their mortgage payments, a bank or other financial institution may decide to foreclose the property and evict the owner.  At that point, the property belongs to the bank, but banks are in the business of ...
Tips For The First-Time Homebuyer Purchasing your first home could be an overwhelming experience. The process of buying a home exposes you to a financial experience that can be intimidating. To ensure that the process of buying a home goes smoothly, first-time homebuyers should do...
A Beginners Guide to Mortgage Refinancing For most people who live in Sacramento, CA, the big challenge is getting a mortgage in order to buy a home, with the belief that once you’ve accomplished this, it’s smooth sailing. However, the road to paying off a mortgage ...
Be Sure To Avoid These New Homebuyer Mistakes The move from renting to buying a home is a big transition.  Renters can take a lot of things for granted, like a maintenance staff that fixes their appliances and repairs the walls, landscapers who take care of all the ...
7 Crucial Facts About FHA Loans Buying the home of your dreams is one of the most exciting and rewarding things that you can do. It's also likely to be the biggest investment of your life up to this point. But, it can also be incredibly ...
Understanding The Difference Between Mortgage Prequalification And Pre Approval First-time homebuyers in CA are on a steep learning curve. There are so many processes, documents, and terminology they have to learn in order to buy a home. This can cause a lot of confusion, especially when the terminology is ...
Preparing To Buy Your First Home After Marriage For a lot of Americans, even here in the Sacramento area, marriage is one of the biggest personal, emotional, and spiritual commitments we make in our lives. It’s a sign of willingness to commit to a lifelong partnership with one ...

Load More