REFINANCING has never been easier
Refinancing a Utah mortgage can be a big decision for many homeowners. Your situation and needs change over time so why shouldn’t your mortgage? Now might be the right time for you to refinance into a lower interest rate mortgage.
Refinancing is an easy way to solve many of your mortgage worries. Getting a lower mortgage rate and paying less interest over the life of your loan just makes sense. At Advanced Funding we’re ready to find the right refinancing solution for your home loan. Our staff of Utah refinance experts will help you evaluate your mortgage needs and draft a refinancing plan that will save you money. As mortgage brokers we will search several mortgage lenders to find the best mortgage rate available for your loan needs.
Lower My Interest Rate
You can save thousands of dollars over the life of your loan when you refinance and get a lower interest rate. Use our mortgage amortization calculator to calculate your savings.
Lower My Monthly Payment
You can save hundreds of dollars each month when you refinance and get a lower monthly payment. This will allow you to accomplish more of life's goals. Check out our mortgage payment calculator to see how much you can save.
Get a Cash-Out Mortgage Refinance/Debt Consolidation
Whether you're looking to consolidate debt, make some home improvements, or other goals that require cash, getting a cash-out refinance may be the right choice for you. Refinancing can be useful in keeping your debt manageable by replacing a number of high-interest loans (such as credit card debt) with a single, lower-interest loan. You can take the cash that you gain from taping the equity in your house and paying off any kind of debt that you might have. Most people will try to pay off high-interest, non-deductible forms of debt such as credit cards or auto loans.
Eliminate My Mortgage Insurance
If you have 20% or more equity in your home, refinancing to a conventional loan will allow you to eliminate your mortgage insurance. We also have options for those with less than 20% equity that will allow you to drop your mortgage insurance. Talk with one of our mortgage loan advisors for more information.
Pay Off My Mortgage Sooner
Lowering the term of your mortgage can save you thousands in interest. Calculate your mortgage payment using our payment calculator.
Keep My Payment from Increasing
If you have an adjustable rate mortgage (ARM) it is possible that your interest rate will increase when interest rates rise. You can stop your payment and mortgage rate from rising by refinancing to a fixed rate loan.
Low-Cost Refinance or No-Cost Refinance
This option can eliminate some or all of the fees associated with refinancing, but also carries a higher interest rate than a standard refinance. It's important to take all aspects of a new loan into consideration before refinancing. Our Utah refinance professionals are ready to help you make the right decision. Let us help you determine of low-cost refinancing is a good fit for you.
To learn more about Utah refinances visit our blog.