Refinance to keep your mortgage payment from rising

Homeowners that currently have adjustable rate mortgage program, start panicking when the end of the initial fixed term gets near. Usually the low introductory rate is expected to increase, which of course increases the total monthly payment amount.  However, this is according to market conditions and  in today’s market some adjustable loans will adjust in the favor of the borrower, to a lower interest rate.  For most, this is usually not the case especially if interest rates are much higher.

When this takes place the borrower usually looks to refinance as quickly as possible  and keep mortgage payment from rising.  If interest rates have increased or qualification requirements makes obtaining a loan more difficult, it makes sense to refinance while the opportunity is not long gone.

Usually there are 2 options to keep your mortgage payment from rising

Refinance into a low fixed rate mortgage Refinance into another low adjustable rate
  • Get a low fixed rate since rates are still low.
  • Get a fixed rate without paying high closing costs by refinancing with a direct lender.
  • 30, 20, 15, 10 year term options available. See todays fixed rates.
  • Adjustable rates are usually lower with introductory terms.
  • Refinance to lower rate or extend your term.
  • An initial rate is provided, and will adjust later based on the current index at the end of a decided term.

Why choose us for your next refinance?

  • Get the most competitive adjustable mortgage rates in Los Angeles and the entire state of California.
  • We understand that lending should not come with extra headaches of high costs, we make sure to give options that will minimize your closing costs.
  • Our underwriters and processors are based in Los Angeles making our loan process more efficient and faster than ever.