Lower Your Mortgage Loan Payment with Colorado Mortgage Lenders

Lower Your Mortgage Loan Payment 

The time is now to take advantage of historically low interest rates, refinance your mortgage, improve your credit, maximize your monthly income, and potentially save thousands over the years.

There are several ways US Mortgages decreases homeowners' monthly mortgage payment. If you've had a change in income or a new expense come into your life, lowering your mortgage payment can help tremendously. Trying to save money on your mortgage? If you're planning on being in your home for a long time, US Mortgages can lower your home loan payments, and interest rate! Learn how below.

How do I lower my monthly mortgage payment?

The easiest way to lower your home loan payment is by refinancing your home. Regardless of whether your original loan came from US Mortgages, or another lender, you can still refinance through us. This method will decrease your home loan payment and, in most cases, your interest rate as well. One way to lower your monthly mortgage payment is by extending the terms of the repayment of your loan. Depending on your financial situation, this may be the best move you can make, especially if you need an immediate change and plan to refinance later.

What other ways can I lower my monthly payment?

Some homeowners may qualify for the HARP program, which is a federal loan modification program geared towards those undergoing hardships and requires certain eligibility standards be met. If traditional home refinancing hasn't worked for you, even though you've been keeping up with your mortgage payments, a HARP loan can make your mortgage more manageable, and bring increased financial stability to your life. Another way homeowners can decrease their monthly mortgage payment is through getting rid of their private mortgage insurance payments, or PMI. Some mortgages require PMI if the down payment made on the mortgage is less than 20% of the value of the home. If you've gained at least 20% equity in your home, PMI is no longer necessary.

We work with clients with a wide range of borrowing histories. From shaky credit to perfect credit, we believe that we can find the right loan program for you. Learn more about the ways you can decrease your home loan payment by contacting US Mortgages today.