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Home Refinance
Refinancing your home loan makes great financial sense in so many different ways. You can get a lower interest rate, put cash in your pocket, refinance for a lower monthly payment, or shorten the term and pay off your loan much earlier. You decide the best move for you.
Your Guide to Refinancing
The Benefits
Better Mortgage Rate
Take advantage of falling interest rates to get better terms on your loan and save money.
Lower Monthly Payment
Give yourself some extra breathing room in your budget with a lower monthly mortgage bill.
Cash in Your Pocket
Borrow money against your home equity to fund a project, consolidate debts, or for any other reason.
Shorter Term
Refinance from a 30-year home loan to a 15-year and pay it off in half the time.
Why Refinance
Refinancing is simply replacing your current mortgage with a new loan. Your interest rate may go down, you may transition from a 30-year to a 15-year term, or even shift from an adjustable-rate mortgage (ARM) to a fixed rate. The bottom line is that all of this can help you save money, get a lump sum of cash, or help you pay off your loan early.
How it Works
You begin by establishing your goal. What are you hoping to get out of refinancing your home? Once you decide, you can work with a lender to compare rates. And when you’re ready to begin, simply apply and submit your documentation. Underwriters will review your application and work with you to close on your new loan. It’s that easy!
FAQs
What housing markets do you serve?
We serve eight states, with areas as diverse as Tempe, Arizona, Las Vegas, Nevada, and San Bernardino, California.
When is it a smart move to refinance?
The typical rule of thumb is that when interest rates drop by 1% or more, it’s a good time to consider refinancing your home loan. You can save money in the long-term, build equity in your home more quickly, and reduce your monthly payment.
Falling interest rates are also a good time to convert from a fixed-rate loan to an adjustable-rate mortgage (ARM) if you want to take advantage of the dip.
On the flip side, if you’ve found that you don’t like the fluctuations that come with an adjustable-rate mortgage, then refinancing to a fixed-rate loan can give you stability.
Can I refinance if I have bad credit?
A strong credit score is key to getting a great interest rate, but there are loan programs for those with less than perfect credit. Your lender can help identify the best loan opportunities for you.
Will there be out-of-pocket costs?
Yes. You’ll need to account for closing costs to cover the fees for title insurance, appraisal, taxes, and transfer fees, among others. This typically runs between 3% and 6% of the loan’s principal. There are some loan programs with no closing costs, but it’s important to note that typically the fees will be recouped by giving you a higher interest rate.
Can I refinance into a longer-term mortgage?
Yes, you can. However, while the lower monthly payments you’ll get from amortizing over a longer period can be appealing, it’s important to note that the longer term will dramatically increase the amount of interest you’ll pay over the life of the loan.
Here’s Why We Do What We Do
We would like to thank Jeff Aguilera for the time and knowledge he provided my wife and I with a very smooth transition in the purchasing of our house. Our real estate agent Emily suggested we go with Jeff and he did not disappoint. So thank you very much, again Jeff. It was a true pleasure working with you.
Why Right Start Is the Right Choice
Personalized Experience
We take the time to get to know you and your goals, then help you every step of the way.
Easy Loan Process
Close your loan in five easy steps—from finding out how much you can borrow to signing the final documents.
Family Owned & Operated
We take a personalized approach with every client and have built a loyal ‘fans for life’ following.
Experts Since 1989
With 30+ years of experience, we know what we’re doing, and we believe in transparency, trust, and excellent customer service.
Get to Know Us
We’re a family-owned and operated company with a solid team of qualified and enthusiastic mortgage specialists committed to personalized, individual service for each client. We educate, communicate, and are transparent about the loan process to make the experience as smooth as possible.
The States We Serve
We've been helping customers in several states afford the home of their dreams, and we love what we do. Here’s where we’re licensed.
