Lower My Payments

Refinancing Your Mortgage

Low interest rates inspire many homeowners to refinance. Lower rates can mean lower monthly payments and significant long-term savings. Here are some options:

• Fixed-Rate Mortgage: Consistent interest rate and monthly payment for the entire loan term, aiding budget planning.
• FHA Refinance Program: Lower debt and interest rates for existing FHA loan holders, with refinancing up to 95% of the home's value.
• VA Interest Rate Reduction Loan (IRRRL): Helps Veterans refinance existing VA home loans with lower interest rates and accessible qualifications.

Credit Score Impact

Improving your credit score through timely payments and responsible borrowing can qualify you for better mortgage interest rates. Consult a refinance specialist to explore options tailored to your credit history.

Reverse Mortgage

Homeowners aged 62+ can convert home equity into cash for retirement needs with a Reverse Mortgage. Funds can be received as monthly payments, a lump sum, or a line of credit. Contact an experienced loan officer to better understand how a Reverse Mortgage could benefit you. 

At New American Funding, we offer an unparalleled end-to-end New American Mortgage® experience. Our commitment goes beyond providing a loan; we genuinely care about you and are dedicated to helping you achieve the dream of homeownership.