Lower Your Mortgage Payment - More Breathing Room. Less Financial Stress.
At Crestico Funding, we help homeowners refinance to lower their monthly mortgage payments, creating space in their budgets for savings, debt payoff, or simply peace of mind.
Step 1
Check Eligibility
Step 2
Payment Option
Step 3
Get Approved
Step 4
Close the Loan
Step 5
Repayment & Loan Terms
Why Lower Your Monthly Mortgage Payment?
Refinancing into a better loan structure can instantly reduce your monthly payment, especially when:
- You lower your interest rate
- Extend your loan term
- Eliminate mortgage insurance (PMI)
- Pay off high-interest debt via a cash-out refinance
Even a modest reduction in your monthly mortgage can add up to significant financial relief over time.
When Is It Smart to Lower Your Payment?
You should consider refinancing to reduce your monthly mortgage if:
- You want more monthly cash flow
- Your income has changed or decreased
- You’re planning for retirement or major life changes
- You want to pay off high-interest debt
- You simply want more financial security and stability
Frequently Asked Questions (FAQs)
How can refinancing lower my mortgage payment?
You can reduce your monthly payment by securing a lower interest rate, extending your loan term, removing mortgage insurance, or consolidating debt into your mortgage. Crestico customizes your refinance to meet your goals.
Is it better to lower my monthly payment or shorten my loan term?
It depends on your priorities. Lower payments improve monthly cash flow, while shorter terms reduce total interest paid. Crestico will help you compare both options so you can make the best decision.
Can I refinance if I’ve missed a mortgage payment?
Possibly. Most lenders require 12 months of on-time payments, but special exceptions may apply. Crestico can evaluate your loan history and advise on eligibility.