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Reduce Payments
Reduce Payments
Lower My Monthly Mortgage Payments

Lower mortgage payments mean greater freedom.

When it comes to paying bills and loans, who wouldn’t want lower monthly payments? A new lower rate mortgage with better terms can help you reduce monthly payments and pay down your principle faster. And if you have an adjustable rate mortgage (ARM), refinancing may get you a better rate.

Refinancing your current mortgage can have multiple benefits including: A Lower Interest Rate - The market is constantly changing, and now is the time to take advantage of today’s low rates. With a lower interest rate, you can lower your monthly payments and pay less interest over the life of the loan. A lower rate can also free up cash to put toward paying the principal off more quickly.

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What are the benefits of refinancing?

Shorten your mortgage - A shorter-term mortgage (e.g. 15-year instead of 30-year) with a lower interest rate lets you build equity faster, as a larger portion of the payments will go toward the principal.

Change an adjustable rate - If you have an adjustable-rate mortgage (ARM), the interest rate can change over time.

What types of home loans are available?

Embrace offers many types of home loans, each with unique advantages depending on your needs. Our mortgage specialists can help you find the loan that works best for you. Find out more and learn the pros and cons for each of these types of loans:

What can I expect during the refi process?

Several factors are taken into consideration when you refinance your home, including your credit score, your debt-to-income ratio, and your loan-to-value ratio. Your Embrace mortgage specialist will explain the significance of each and help you find the loan that’s right for you.

With our streamlined process, you can get a new mortgage in three simple steps: apply, approve, close. Your dedicated loan expert will let you know what documents are needed, have your home appraised, and walk you through the entire process from beginning to closing.

Call 800-620-6292 to speak with an Embrace Loan Officer today. Or fill out this form and one of our specialists will contact you. There is no obligation so there’s nothing to lose.

See how much
you can save.

Play with our mortgage calculator to explore different scenarios. Enter different loan types, terms, and interest rates to calculate new monthly payments.

“Over the last year I had looked at several options for refinancing. I had talked to Al nearly one year before deciding to go forward. When I contacted him he remembered me and my situation. Al was very helpful through the entire process. He was very responsive any time I had a question, even replying to my messages at late hours into the evening. With his guidance I was able to refinance at a much lower interest rate, closed when I needed, and had some extra cash for home improvements.”
- Robert J.