You may be able to reduce your monthly payment through a mortgage refinance

Get a Competitive Mortgage Rate And Start Saving

There are a number of ways to lower your mortgage payment. Helping you choose the most competitive loan program that meets your unique financial circumstances, using our extensive loan portfolio, is our specialty.

We will start with looking at your current interest rate to see if lower rates are available. If so, we will help you determine whether you qualify for the lower rate.

Did you also know that “buying a lower rate” by paying discount points is another effective method for getting an even lower interest rate?

Extending your loan term is another option that may lower your mortgage payment. Perhaps an ARM (Adjustable Rate Mortgage) loan or an Interest Only (IO) loan might suit your goals. You can learn more about ARMs or Interest Only loans here.

Our advisors at CU Homeland will help you choose from the available loan options, knowing your goal is to lower your monthly payments. We will show you how each loan program compares to the others, so you know that you are choosing the loan that makes the most sense for your financial circumstances. Then, we will guide you through the refinance process so you can get to the finish line with confidence and ease. Find an advisor and get the answers you need.

Not ready to talk to us just yet? Our mortgage refinance calculator can show you an estimated breakdown of your monthly savings and total costs to refinance your mortgage.

Change Your Terms and Lower Your Payment

Extend Your Loan Term

Did you choose a 15-year Fixed mortgage in order to pay off your mortgage as soon as possible? Extending the terms of your mortgage from a 15-year Fixed to a 30-year Fixed is just one way to reduce your monthly payment. In most cases, you can still pay your loan off early even if you extend your terms. Compare the monthly payments options with your American Pacific Mortgage advisor to see if extending your term is the right way to lower your payments.

Refinance Your Adjustable Rate Mortgage

Has your Adjustable Rate Mortgage recently adjusted upward? ARMs typically offer a very attractive interest rate for a fixed period of time. Once this period is over, it may make sense to refinance into a different term, like a Fixed Rate or even another ARM, to keep your rates and payments low. You can learn more about ARMs here.

Is IO The Way To Go?

With an Interest Only (IO) loan, you can pay just the interest for a preset period of time, which can range from 5 to 10 years. This program doesn’t make sense for everyone, so it is important to discuss your short-term and long-term goals with your loan advisor before selecting an IO loan. For those who want to flip a “fixer-upper” and quickly get it back on the market, the Interest Only option can be a powerful financial tool. You can learn more about Interest Only loans here.

About Us

We've been helping members afford the home of their dreams for many years and we love what we do.


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Contact Us

5994 W. Las Positas Blvd, suite 109
Pleasanton, CA 94588
Phone: (800) 795-1333
info@cuhomeland.com

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© 2024 All information contained herein is for informational purposes only and, while every effort has been made to insure accuracy, no guarantee is expressed or implied. Any programs shown do not demonstrate all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions apply. Equal Housing Opportunity. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act.