Take advantage of historically low rates.
Refinancing your current mortgage can be a smart decision, however, sometimes it’s not as easy as it sounds. We are here to help with all of your refinancing needs.
Spectrum Lending provides multiple refinance products and options to its borrowers across the country with a specialty in: VA, FHA, and conventional home loan products. If you’re unsure if refinancing is the right decision for you give us a call at 949.333.8161 and a licensed mortgage Loan Officer will answer any questions you may have.
How refinancing can help lower your rate and save you money.
Fixed to Adjustable or Adjustable to Fixed
Switch from an adjustable-rate mortgage to a fixed-rate mortgage to lock in a potentially lower rate and feel at ease with a fixed payment for years to come. Switch from a fixed-rate to an adjustable-rate and take advantage of potentially lower rates and payments for a brief period.
Lower Your Interest Rate
Stuck with a high interest rate? Lower your interest rate and move into something a little more comfortable, which could save you hundreds of dollars each year. Take advantage of current historically low rates and lock in your rate saving you thousands if not more over the course of your loan.
Refinance to Cash Out Your Home Equity
Typically borrowers will go with the cash-out option when looking to make home improvements, reduce credit card debt, place a down payment on an investment property, or assist with any financial need they have. Refinancing can give you access to these funds.
Shorten the Term of Your Loan
Looking to pay off your mortgage in less than 30 years? Refinancing to a 10-year or 15-year fixed loan can be a great option for many homeowners to take years off their mortgage and reduce the amount of interest paid over the life of their loan.