Refinancing Loans

Here's your chance to capitalize on changing rates. Lock your adjustable rate mortgage into a fixed rate. Pull some equity out of your home for extra cash. Lower your payments. Whatever your reasons, you can find out the best way to take advantage of the changing market by letting an Asset Capital Group agent educate you on all your refinancing options.

Lower my monthly payment

This is main reason people refinance. If you currently have a fixed rate mortgage at a higher interest rate than what is available now, refinancing can lower your monthly payment. If you have an adjustable rate mortgage that is starting to go up, you can lock in at a fixed rate that will keep your payments level for the rest of the loan term. The key is weighing the benefits of the refinance loan against the costs of processing a new loan. You can begin by using our refinance calculator to determine how much you can save with today's rates.

Build equity faster and pay less interest over the life of the loan

Maybe you want to be more aggressive in building your investment equity while paying less interest. By shortening the term of your loan, from a 30-year to a 15-year for example, a greater percentage your monthly payment goes into the equity of your home. Meanwhile your rate is generally lower and the interest you pay over the life of the loan goes down. This can be a smart move if your financial situation has changed since you originally bought your house. Sometimes you can take advantage of lower rates to do this with minimal impact on your monthly payment.

Turn equity assets into cash

Your equity is basically the difference between the amount you owe on your loan and the value of your home. You can use this asset to finance other things. By refinancing a loan based on your home's current value, you can pull that cash out to renovate your home or invest elsewhere like a child's education or another real estate property. The choice is yours.

Take advantage of improved credit rating

In order to secure a home loan, many first time homebuyers have to finance at a higher rate because of a lower credit rating. However, over time this rating can improve. As a result, it may be possible to take advantage of a higher credit score to lower your rate. If your credit rating has improved since you first took out your loan, talk to a Asset Capital Group agent about getting your hard work to pay off.

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