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Lower Your Payment

Incredibly low mortgage rates mean lowering your payment is easier than ever

  • Why pay more than you have to? Don’t miss your chance to take advantage of mortgage rates at their lowest in several decades.
  • Even changing the terms of your mortgage can maximize your monthly income.

Why you should choose The Mortgage Firm?

  • With more than 35 years of experience, we’ve designed a mortgage process that adapts to your needs. 
  • Our Docs-Less mortgage programs are designed to get you approved quickly without the need to produce lots of additional paperwork.
  • Our paperless technology means no need to print documents to sign and send back to us for processing.

 Our most popular loan options for lowering your monthly mortgage payment* 

 

  • FHA Loan – Refinance out of a skyrocketing mortgage payment with the fixed-rate security of a government-insured FHA loan. Find out if you could refinance without an appraisal with our easy FHA Streamline tool.
  • 30-Year Loan – Looking for a more traditional loan option? Lock in today with a 30-year fixed.
  • Adjustable Rate Mortgage – Get the lowest rate available with a 5- or 7- year ARM and potentially pay thousands less over a traditional fixed rate mortgage for the first 5 or 7 years of your loan.
  • VA Loan – Get a low rate and payment with the VA loan if you’re a qualified veteran, military member, or spouse. Ask us if you are eligible for the great benefits of a VA loan!

*By refinancing your existing loan, the total finance charges may be higher over the life of the loan

 

How do I know if refinancing to lower my payment is worth it?

You want to answer two important questions:

  • How much will I save? A lot may have changed since you bought your home – your credit score, your home value, mortgage rates. If any of these have improved, you should definitely explore how much you can lower your payment with our refinance calculator.
  • Will the savings cover the costs? It’s possible to add the costs associated with getting a new mortgage into the total refinance amount to avoid paying anything out of pocket at closing. However, refinancing in order to lower your payment may result in a longer loan term, and that might mean paying more in interest overall in the long run.

Talk to a Home Loan Expert to see if refinancing your home can help you lower your payment.

 

How do I know if refinancing to lower my payment is worth it?

You want to answer two important questions:

  • How much will I save? A lot may have changed since you bought your home – your credit score, your home value, mortgage rates. If any of these have improved, you should definitely explore how much you can lower your payment with our refinance calculator.
  • Will the savings cover the costs? It’s possible to add the costs associated with getting a new mortgage into the total refinance amount to avoid paying anything out of pocket at closing. However, refinancing in order to lower your payment may result in a longer loan term, and that might mean paying more in interest overall in the long run.

Talk to a Home Loan Expert to see if refinancing your home can help you lower your payment.