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HARP: The Final Countdown to...

If you are among the more than 300,000 homeowners who still qualify for HARP refinancing, you could be paying more for your home’s current mortgage then you need to.  

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Lower Your Mortgage and Interest Rates

Lower Your Mortgage Interest Rate

When interest rates are low, it’s a good time to consider refinancing your home mortgage. Securing a lower interest rate and monthly payments could mean significant savings on your mortgage over the lifetime of the loan. Let New American Funding’s experienced team help you make the best choice for refinancing your home loan.

There are many options for lowering your interest rate and monthly mortgage payment. Depending on your current mortgage terms and financial situation, you may qualify for one of the following refinance programs:

  • Fixed Rate Mortgages: When rates are low, refinancing to one of our Fixed Rate Mortgages can lower your monthly payments and save you money in interest payments. There are several fixed rate mortgages to choose from, and New American Funding can help you decide which loan is right for you. 
  • FHA Refinance Program: If you currently have an FHA loan, the FHA Refinance Programcan be an easy way to lower your debt and interest rate. We can help you refinance your debt to up 95 percent of your home’s value.
  • VA Interest Rate Reduction Refinance Loan (IRRRL): A federally-insured loan program to help veterans refinance their existing VA Home Loan into a loan with a lower interest rate. It is easy to qualify and a great refinance opportunity for current VA mortgage holders looking to lower their monthly mortgage payment.

Each loan has different restrictions and qualifications. New American Funding’s experts will help you select the best refinancing options and manage your mortgage throughout the entire loan process.  If you want to see how these options can directly affect your rates, try our mortgage loan calculator.

Improved your credit? Improve your loan
If you applied for a mortgage with bad or no credit, your interest rate may be higher than the national average. By paying down debt, making payments on time and practicing responsible borrowing behavior, you can raise your credit score and qualify for a better mortgage interest rate. New American Funding offers programs for consumers whose credit has been impaired in the past. If you have a history of bankruptcy, late payments or other credit problems, we may still be able to help lower your interest rate and monthly mortgage payments.

Secure your financial future with a Reverse Mortgage
With a government insured Reverse Mortgage Loan from New American Funding, homeowners 62 and older can enjoy a dream retirement by turning home equity into tax free cash. A reverse mortgage can leave you extra money that can be used to travel, cover the cost of healthcare and prescription medications, eliminate debt, cover home improvement costs and more. This loan allows you the option to receive the income as monthly payments, a lump sum, a line of credit or a combination of all three.

Because refinancing or taking out your home's equity may increase the total number of monthly payments and/or your total finance charge, which may be higher over the life of the loan when compared to your current situation, we encourage you to contact New American Funding’s mortgage refinance professionals so we can help you make an educated decision for your home financing needs.