Learn How To Reduce Your Mortgage Payments Today

You may be able to reduce your monthly payment
through a mortgage refinance

Rate And Start Saving

There are a number of ways to lessen your mortgage payment. Our specialty is helping you choose a loan program that meets your unique financial circumstances, using our extensive array of loan products.

We will start with looking at your current interest rate to see if more competitive rates are available. If so, we will help you determine whether you qualify for the more competitive rate.

Did you also know that you can lessen your interest rate by paying discount points is another effective method for getting an even lesser interest rate?

Extending your loan term is another option that may lessen your mortgage payment. Perhaps an ARM (Adjustable Rate Mortgage) loan or an Interest Only (IO) loan might suit your goals. You can learn more about ARMs or Interest Only loans here.

Our loan advisors at American Pacific Mortgage will help you choose from the available loan options, knowing your goal is to lessen your monthly payments. We will show you how each loan program compares to the others, so you know that you are choosing the loan that makes the most sense for your financial circumstances. Then, we will guide you through the refinance process so you can get to the finish line with confidence and ease. Find a loan advisor and get the answers you need.

Not ready to talk to us just yet? Our mortgage refinance calculator can show you an estimated breakdown of your monthly savings and total costs to refinance your mortgage.

Change Your Terms and Lessen Your Payment

Extend Your Loan Term

Did you choose a 15-year mortgage in order to pay off your mortgage as soon as possible? Extending the terms of your mortgage from a 15-year to a 30-year is just one way to reduce your monthly payment. In most cases, you can still pay your loan off early even if you extend your terms. Compare the monthly payments options with your American Pacific Mortgage loan advisor to see if extending your term is the right way to lessen your payments.*

Refinance Your Adjustable Rate Mortgage

Has your Adjustable Rate Mortgage recently adjusted upward? ARMs typically offer a very attractive interest rate for a fixed period of time. Before this period is over, it may make sense to refinance into a different program, like a Fixed Rate or even another ARM, to keep your rate and payments low. You can learn more about ARMs here.

Is IO The Way To Go?

With an Interest Only (IO) loan, you can pay just the interest for a preset period of time. This program doesn’t make sense for everyone, so it is important to discuss your short-term and long-term goals with your loan advisor before selecting an IO loan. For those who want to flip a “fixer-upper” and quickly get it back on the market, the Interest Only option can be a powerful financial tool. You can learn more about Interest Only loans here.

Let us help you find the home loan to reach your financial goals.


The peace of mind of a fixed rate and payment is the right choice for most borrowers.

*Please visit our Disclosures page for more details for all loan types


When you have short term lending goals, an adjustable rate may be right for you.

*Please visit our Disclosures page for more details for all loan types


A conventional mortgage is a home loan that falls under the conforming loan limit of $453,100 (which is set annually by the Federal Housing Finance Agency)


A mortgage that is insured by the Federal Housing Administration (FHA). FHA loans allow for down payments as low as 3.5%* and lower credit scores than most conventional loans. There are maximum loan amounts that vary by county.


Loans for premium real estate areas that exceed the conventional conforming loan limits (ranging between $453,100-$679,650 depending on area)


If you are 62 or older, leverage the equity on your primary residence.


A loan to fund your small town dreams of rural home ownership, with lenient down, income and credit requirements.


Loans for veterans, servicemembers or surviving spouses. With qualifying income and credit, you can buy a primary residence with no money down at a fantastic rate.

American Pacific Mortgage Programs

Asset Inclusion

Bridge Loan Programs

Dream Home Renovation

Expanded Access

High Balance Solutions

Home Possible

Home Ready by Fannie Mae

Investor Advantage

Jumbo Programs

Jumbo Solutions

Keys on Time Guarantee

Manufatured Housing


Secure Lock

STaR Loan Program

The Loan Process


Get Pre-Approved

This is the time to get in the know. A pre-approval will give you an advantage when you find your perfect home. We can tell you what you need to get pre-approved, so you know the exact loan amount you qualify for, what your monthly payment will look like, and how much taxes and insurance will be. With a pre-approval, the loan process will be smoother and your offer will be stronger.


Select Your Loan Program

Fixed rate? Adjustable? FHA? There are multiple loan options that may fit your unique needs, and we can help you choose. Are you looking for the consistent rates and payments that a fixed rate loan can provide? Do you want the short-term benefits of lower rates that an adjustable rate loan can bring? Our extensive portfolio of loan options means you have more options available to get just what you need.


Loan Application

Your application will provide a complete picture to loan investors of your assets, debts and what you are buying. You will need to provide documentation, including a photo I.D., pay stubs, proof of income, tax returns, employment history, and information on all debts, assets, and sources for down payments. Don't worry, we will let you know exactly what is needed for the loan application so you can be fully prepared.


Processing and Underwriting

Your loan has specific investor guidelines that must be met, and an underwriter will review your documents to be sure that you meet them. While an underwriter reviews your file, an appraisal will be ordered on the home. Additional information may be requested, so don’t panic if you have to turn in more documents. That’s just the underwriter working hard to get your final approval.


Loan Approval

Before your loan is approved, you will receive pre-approval and a list of closing conditions that need to be met. These conditions can include verification that your employer is current and proof that homeowner’s insurance has been obtained. Once closing conditions have been satisfied, the underwriter issues a clear to close. Congratulations, your loan has been approved!


Close the Loan

With an approved loan, you are on the home-stretch towards closing. The lender will send closing documents to a title company that draws up paperwork and arranges for signing of documents. Once the documents have been signed and funding conditions have been met, the title is recorded and the process is complete. You are a proud owner of your new home, and the keys are yours!

*Tips for Success

  • It is extremely important that you don’t make any major life changes immediately before or during the loan process.
  • Don’t quit your job, change jobs, or become self employed.
  • Don’t make any large purchases like a vehicle or furniture.
  • Don’t co-sign on any loans for someone else.
  • Don’t spend money that you have set assigned for down payment or closing costs.
  • Don’t make any changes to your credit like opening new cards, spending on cards, or even closing accounts without guidance from a professional.
  • Don’t panic! The loan process can seem daunting, particularly if it is your first time. We will help you understand what is needed and to get you to the finish line.

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Copyright © 2022 American Pacific Mortgage Corporation | Privacy Policy | Contact Us | Legal/Licensing | Accessibility Statement

All information contained herein is for informational purposes only and, while every effort has been made to ensure accuracy, no guarantee is expressed or implied. Any programs shown do not demonstrate all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions apply. Equal Housing Opportunity.


808 134th St SW, Suite B205, Everett WA, 98204 | NMLS: 1062505
Equal Housing Opportunity