Refinance

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.
 

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Your Local Utah Mortgage Broker

As a Utah mortgage broker we work with several different mortgage lenders, enabling us to offer you a variety of mortgage programs at the best mortgage rates and lowest fees available. Working with several lenders allows us to offer more options to help you achieve your goals. Whether you're buying a new home or refinance your current home, Advanced Funding is here to help. Our loan professionals are available to help you during regular business hours or time that is more suitable to your needs. Call today for more information, 801-272-0600.

Utah VA LOAN ADVANTAGE

Veterans Affairs mortgages, better known as VA loans, make it easier for veterans to get financing to buy a home. Utah VA loans usually do not require a down payment and are available to military veterans and active military members. The Utah VA mortgage remains one of the few mortgage options for borrowers who don’t have the money for a down payment. VA loans are somewhat easier to qualify for than conventional mortgages. It offers a great benefit to those who are serving or have served our country.

Advanced Funding Home Mortgage Loans
6589 South 1300 East, Suite 200
Salt Lake City, UT 84121

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