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REFINANCING
Why Should I Refinance?
Refinancing your mortgage can mean a new interest rate, a new monthly payment, or a new repayment period.
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Turn the house you have into the home you want
You can roll in the costs of home repairs or upgrades.
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Pay down debt
Use the equity you’ve earned in your home to pay off debt.
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Put more money in your pocket
Lower your monthly mortgage payment and spend more on building memories with those closest to you.
Refinance Programs
Our loan selection is anything but conventional — but we do those too.
Bank Statement
Being your own boss shouldn’t mean a backbreaking path to homeownership. Self-employed borrowers can relax with Stockton Mortgage’s bank statement program, with alternative documentation options of 12 or 24 months of bank statements.
Conventional Loan
Conventional loans are what many people think of when they think traditional home mortgage. This loan is not tied to any government agency but does follow guidelines outlined by Freddie Mac and Fannie Mae (two government controlled companies).
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Doctor Loan
This loan program helps medical professionals qualify for a home loan, even with student loans and limited savings. Eligible borrowers include currently practicing medical professionals or those who’s employment will start within 90 days of closing.
Investor Cash Flow Loan
This program allows you to utilize the future income rental of a property to determine cash flow – meaning that if portfolio growth is a goal, the Investor Cash Flow Loan could make it happen.
Qualification is based on cash flow of the investment property.
How It Works
Refinancing a mortgage requires you to submit necessary financial documents like you did the first round with your old mortgage. Browse through the different mortgage plans and compare the interest rates and terms to select the most ideal plan for your needs. Compare the new loan with your existing one and analyze how its terms can benefit you. If your current credit score has improved since the first loan, the chances of you obtaining more favorable terms are high. Take note of the closing costs and decide if you are able to commit to the new mortgage terms before you refinance.