How can I lower my mortgage payments?
When you refinance your mortgage, you’re basically swapping it out for a new one, complete with new terms, interest rates, and payments. Mortgage rates have been very low recently. That means you’re in the right place to potentially cut your home payments.
Great. What are my options?
You have a lot of them. Ready?
A HARP refinance can help if you bought your home before the housing bubble burst and now feel pinched. Even if you’re underwater, you can still refinance.
A VA Streamline Refinance is the way to go if you have a VA loan, a special program designed for active-duty military and veterans. Like with an FHA streamline, the process is fairly simple and fast.
A rate and term refinance is the most popular type of refinance. It allows you to adjust your interest rate and term length, which is a smart option if you need a lower monthly payment or reduce the total amount of interest owed over the length of your loan.
A second property refinance has a few quirks, but you’re in luck. We’re experts in financing investment and vacation properties as well as second homes. Contact us for more details.
None of the above? Give us a call, live chat, or fill out the form on the right and let our mortgage experts find the option that works best for you.
Why choose Total Mortgage?
We’re fantastic at what we do, and all we do is mortgages.
- We have some of the lowest interest rates in the country, which can save you heaps on your newly refinanced loan.
- Our loan officers will educate you as you move through our process.
- Be confident that you got the best deal. We’ll educate you and keep you updated as you move through the mortgage process.
- We aim to close most of our refinances in thirty days or less—and you’d be surprised how often we succeed.