Refinancing

Refinancing a mortgage involves replacing your current home loan with a new one, often to take advantage of better terms, lower interest rates, or to adjust your loan structure to better suit your financial needs.

Lower Interest Rates

One common reason for refinancing is to secure a lower interest rate than what you currently have on your mortgage. Lower interest rates can result in reduced monthly payments and potentially significant savings over the life of the loan.

Cash-Out

A cash-out refinance allows you to borrow more than your current mortgage balance and receive the difference in cash. It's often used to finance home improvements, pay off high-interest debt or cover major expenses like education or medical bills.

ARM - FRM Conversion

If you currently have an adjustable-rate mortgage (ARM) and want more stability in your monthly payments, you may choose to refinance into a fixed-rate mortgage (FRM). Fixed-rate mortgages offer predictable payment over the life of the loan, which can be beneficial if interest rates are expected to rise.

Find Out More About FRM

Eliminate PMI

If you initially made a down payment of less than 20% when you purchased your home, you likely have to pay for private mortgage insurance (PMI). Refinancing may be an option to eliminate PMI if your home's value has increased enough to meet the criteria.

Adjusted Loan Term

It's possible to change the term of your loan. You may be able to switch from a longer-term mortgage (30 years) to a shorter one (15 years) to pay off your loan faster and save on interest. Conversely, you may be able to extend your loan term to reduce your monthly payments.

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Cindy Regan - Originating Branch Manager - NMLS #264375

The Lending Authority a Team of American Financial Network, Inc - NMLS #237341

Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. The Lending Authority a team of American Financial Network, Inc is not an agency of the Federal Government, and is not acting on behalf or at the direction of HUD/FHA.

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Cindy Regan - Originating Branch Manager - NMLS #264375

The Lending Authority an American Financial Network, Inc Team

NMLS #237341

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CORP NMLS# 237341. American Financial Network, Inc. is licensed by the California Department of Financial Protection and Innovation under the California Financing Law License (6038771) and holds a CA Bureau of Real Estate, Real Estate Broker's License (01317581) under Nationwide Mortgage Licensing System (NMLS), unique identifier of 237341. Broker is performing acts for which a license is required. Loans made or arranged pursuant to California Financing Law. Refer to www.nmlsconsumeraccess.org and input NMLS #237341 to see where American Financial Network, Inc. is a licensed lender. In all states, the principal licensed office of American Financial Network, Inc. is 10 Pointe Drive, Suite 330, Brea, CA 92821; Phone: (714) 831-4000 (NMLS ID#237341). This is not an offer for extension of credit or commitment to lend. All loans must satisfy company underwriting guidelines. Not all applicants qualify. Information and pricing are subject to change at any time and without notice. The content in this advertisement is for informational purposes only. Products not available in all areas. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. The federal agency that administers our compliance with these federal laws is the Federal Trade Commission, Equal Credit Opportunity, Washington, DC, 20580. American Financial Network, Inc. is an Equal Housing Lender.