1st Nationwide Mortgage

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Payoff Your Mortgage Faster

squeezed by a big mortgage payment savings increases with lower payment and less interest

Paying off your mortgage faster is easier than you think

Have you ever looked at your mortgage statement and saw the "Number of payments 360" and "Payoff Date: 2044." If you want that payoff date to be sooner here are some refinance options to consider.

Refinance Into a 15-Year or 20-Year Loan
A 15-year loan isn't double the payment of a 30-year loan and a 20-year loan is not two-thirds of a 30-year loan. While it is true you'll pay more, it doesn't calculate out that way for monthly payments, so it will not be double.

Refinance into a 30-Year with a Lower Interest Rate
If you can't afford the higher monthly payments on a 15- or 20-year fixed, then refinancing into a 30-year fixed loan at a lower rate is a strong second choice. Here's why. With a new lower interest rate and lower monthly payment, you can continue to make the same monthly payment you were previously making at the higher rate. The "extra" money you are paying will be applied as an extra principal payment to the loan. This effectively accelerates your payoff date.

Why Choose 1st Nationwide to Help You

A mortgage advisor will review your situation and provide some monthly payment savings solutions.

 Our most popular loan options for paying off your mortgage faster

  1. 15-Year Fixed
    Lock in today with a 15-year fixed and pay thousands less in interest.
  2. FHA Loan Types or VA Loan
    The FHA loan is a great loan for people with not much equity in their home or who want to bring less money to closing. The VA loan is the leading choice of military service memebrs and veterans refinancing to pay off their mortgage faster.

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1st Nationwide Mortgage Corporation
65 Enterprise
Aliso Viejo, CA 92656
(949) 207-3399

An Equal Housing Lender -   NMLS #1281

© 2005-2016 1st Nationwide Mortgage Corporation. Trade/service marks are the property of 1st Nationwide Mortgage and/or it's subsidiaries. All rights reserved. * 1st Nationwide Mortgage offers these products through our family of companies. Purchase loans and Refinance loans are available for Jumbo mortgages , 30 year fixed, 15 year fixed, FHA loans, VA loans, HARP loans and Reverse Mortgages. *All of the scenarios listed above are subject to various credit debt to income ratio requirements that are subject to change without notice. This is not an offer for extension of credit or a commitment to lend. Loans subject to approval. Rates and programs subject to change without notice. These materials are not from HUD or FHA and were not approved by HUD or a government agency. This is not an offer to enter into a rate lock agreement under CA law, or any other applicable law. CA Loans made or arranged pursuant to California Finance Lender Law License 603K287 and CA Bureau of Real Estate, Real Estate Broker - Broker#01517084, (213)620-2072, California Department of Corporations, Alaska #AK1281, Colorado Mortgage Company Registration, Florida MLD1423, Texas SML #1437886, Oregon Mortgage Lending License ML-5326, Virginia #MC-6675, Washington Consumer Loan Company CL-1281 NMLS Consumer Access.

We have helped thousands of customers refinance or buy new homes over the last decade, earning us an A+ rating with the Better Business Bureau