Lower Your Interest Rate - Save Money. Pay Less. Build Wealth Faster.
At Crestico Funding, we help homeowners refinance to lower interest rates — so you can save monthly and long-term.
Step 1
Check Eligibility
Step 2
Payment Option
Step 3
Get Approved
Step 4
Close the Loan
Step 5
Repayment & Loan Terms
Why Lowering Your Interest Rate Matters
Even a small drop in your mortgage rate can make a huge impact over time.
Example:
Refinancing a $400,000 loan from 6.5% to 5.5% could save you $250+ per month — and over $90,000 in interest over the life of the loan.
Benefits of Lowering Your Rate:
- Lower monthly payments = more room in your budget
- Save on total interest paid over the life of your loan
- Faster loan payoff if you keep your monthly payment the same
- Improve your debt-to-income ratio
- Potentially remove mortgage insurance (PMI) if you’ve built equity
Frequently Asked Questions (FAQs)
How much can I save by refinancing to a lower interest rate?
Even a 0.5%–1% drop in your rate can lead to hundreds of dollars in monthly savings and tens of thousands over the life of your loan. Crestico offers a free, no-obligation savings analysis.
Is it worth refinancing just to lower my interest rate?
Often yes — especially if you plan to stay in your home long enough to recoup closing costs. We’ll run a break-even analysis to help you make an informed decision.
What’s the minimum rate drop that makes refinancing worthwhile?
A general rule is at least 0.5%–1% reduction in rate. But it depends on your loan size, goals, and how long you plan to stay in the home. Crestico can evaluate your exact case.
Do I need to restart my loan term if I refinance?
No. You can choose from 15, 20, or 30-year options, or even match your current remaining term. We can help structure your refinance to save money without resetting the clock.
Can I lower my rate if I’m self-employed or have non-traditional income?
Yes! Crestico specializes in bank statement and non-QM refinance programs for self-employed, 1099, or freelance borrowers.