6101 Bollinger Canyon Rd #344 San Ramon Ca 94583

FIX YOUR

Rate

Keep Your Payments in Check with a Refi

Life brings enough surprises; your monthly mortgage payment shouldn’t be one of them.

Adjustable-rate mortgages can be very attractive for a number of reasons, including their low initial payment and rate. Like all things, however, this rate—and your situation—can change. There isn’t a one-size-fits-all approach, but we’re here to help find the right solution for you.

What are Your Plans?

When considering refinancing to a fixed rate, it’s important to ask yourself some questions:

Icon - Carrot - Flat Do you plan to live in the home for 10 years or longer?

If so, a fixed-rate mortgage may be strategic as you can lock in a competitive rate that will not change over the course of your loan life. Speaking of loan life, you control your fate! Want a lower payment? Choose a longer loan term. Want to pay off your loan faster? A shorter loan term will help you achieve that goal.

Icon - Carrot - Flat Do you plan to live in your home for the next 5 to 10 years?

Refinancing into another ARM may help you secure a lower interest rate when you’re looking at a shorter dwelling time. Locking in a lower rate for a specific time, such as 5 or 7 years, can be win-win as you enjoy the benefit of a stable monthly payment combined with a higher monthly cash flow.

Icon - Carrot - Flat Can you afford the new fixed payment?

Depending on the market, your payment may change. Be sure to get a sense of what an ideal monthly payment and loan term look like for you. Your loan advisor can help by showing you all of your available options so that you can compare and make the right decision for you.

Get a Mortgage Checkup

We are pleased to offer a complimentary mortgage checkup to help you compare your current financing with today’s rates and programs.

We're Here To Help

We’ve got you covered! Explore away with our tools and resources…but know we’re here for you whenever you’re ready to chat.

Copyright ©2022 Shining Star Funding A division of American Pacific Mortgage LLC | NMLS ID # 1850