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Refinancing Your Home

How much could you save by refinancing? Refinancing allows you to reset your mortgage terms, and could be a great way to increase cash flow.

If you’re a resident of Sacramento, CA and are currently locked into a mortgage, you may want to consider refinancing. By refinancing, you could end up lowering your monthly mortgage, thereby saving you money and putting more cash into your pocket each month. Residents of Sacramento, CA tend to refinance for numerous reasons, including consolidating debt, working to keep their payments from rising or obtaining cash based upon the current value of their home. The team at Positive Lending can assist you with all of your refinancing needs. We can help you through every step of the refinancing process, which is especially helpful if you’ve never refinanced before.

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Consolidate Your Debt

Depending on when you bought your first home, you may have acquired debt after closing. For example, many people choose to go to graduate school after they’ve purchased a home and worked for a few years. They likely take out student loans to pay for school. Over time, debt from student loans, credit cards, and other similar processes adds up over time. Instead of staying locked into your current mortgage, you could refinance your home as a way to consolidate debt that carries a high-interest rate. Our team can help you look into your cash-out refinancing options.

Lower Payment

The loan market has likely changed since you initially secured the loan on your first home. Other factors, such as your age and income, could have also changed to the point where they would make a considerable difference on your mortgage. One reason that people tend to choose a lower payment is that they are saving for a significant life event, such as their kid’s college fund or their retirement. By refinancing, these people can drop their interest rate slightly, which ends up lowering their mortgage payment significantly. Our team at Positive Lending could help you secure a lower interest rate.

Cash Out

Why keep wasting money on your current mortgage? If you are eligible for a lower payment, why would you not take advantage of it to put more supplemental income in your pocket? Even an extra $100 a month could go a long way toward helping you complete a home improvement project, which would increase the value of your home or a vacation you had been looking forward to taking. You could also invest this money to get even more bang for your buck. The agents at Positive Lending can help you pad your wallet with extra cash, making life more enjoyable.

Keep Your Payments from Rising

When you were younger, you were likely limited in your options for a loan and mortgage. As you got older, you may have been fortunate enough to see your income or credit score increase significantly. If this is the case, there’s a good chance that you’re eligible for a loan that is friendlier, especially if you plan on staying in your current home for a long while. If you do not play on moving anytime soon, a fixed-rate mortgage could be in your best interest. This keeps your mortgage rate locked at its current levels, so it does not rise over time.

Types of Loan Refinance Options:

VA Loans

Those with a VA loan have access to the Interest Rate Reduction Refinance Loan, otherwise known as a VA Streamline.

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FHA Loans

You have the choice to refinance from a conventional loan to an FHA loan, or to streamline your current FHA loan.

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Jumbo Loans

Refinancing a jumbo loan could be very difficult. But, it could be well worth your while to do so.

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USDA Loans

Since 2012, those with a USDA loan could partake in a streamline refinance without needing an appraisal.

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Specialty Loan Programs

Depending on the terms of your current specialty loan, we will work with you to discover financing options that could be even more beneficial.

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How It Works

Free Consultation

If you are interested in refinancing your current loan, begin by contacting Positive Lending for a free consultation. ((Company)) will take the time to understand your current mortgage structure and your reasons for refinancing.

Get Approved

Once Positive Lending has an idea of what you’re looking for out of your refinance, they’ll work to pre-approve a new loan. This could be particularly beneficial to those who are seeking to refinance for time-sensitive reasons.

Secure Your New Loan

Positive Lending will work to lock in the rate for your new loan so that you can start enjoying your new income stream!

  • "Jeremy helped me and my husband refinance our home. I strongly recommend him with any and all of your finance inquiries. My husband and I had a great experience refinancing our home."
    Carmen G., Home Owner
  • "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."
    Melanie J., Homeowner
  • "Jeremy at American Pacific Mortgage went above and beyond to help my wife and I navigate the mortgage process when buying our new home. Your service was invaluable and we hope to work with you again if we ever purchase another home."
    Cacilie W., Home Owner

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