Lower you Payment

A lower mortgage payment means more money for everything else in your life


It's Now Easier Than Ever to Reduce Your Payment

  • Changing the terms of your mortgage can help you earn more money each month.
  • To explore how a new rate and term could lower your monthly mortgage payment, use our Refinance Calculator. Alternatively, find out how refinancing with PMI Advantage might help you save money and taxes.

We assist our clients in lowering their monthly mortgage payments by refinancing them every day. We can help you as well if you contact us today.

Why Should You Go With TAG Lending Group?

  • You'll have an entirely online application procedure with minimal paperwork, and you'll be able to track the progress of your mortgage application.

  • Our Home Loan Experts are here to answer your questions and explain the technicalities so that you can secure the best mortgage possible.

  • You can maintain your mortgage online once your loan is closed and there are no hidden fees.

  • We service 99 percent of our mortgages, so you can count on our excellent customer support even after you've closed.

Popular Loan Alternatives to Reduce Your Mortgage Payment

FHA Loan

With the fixed-rate security of a government-insured FHA loan, you can refinance out of a soaring mortgage payment. With our simple FHA Streamline tool, you can see if you can refinance without an appraisal.

30-Year Loan

Looking for a more traditional loan option? Lock-in today with a 30-year fixed.

Adjustable-Rate Mortgage (ARM)

Get the best rate with a 5- or 7-year ARM and save thousands of dollars over a typical fixed-rate mortgage for the first 5 or 7 years of your loan.

VA Loan

Get a low rate and payment with the VA loan if you're a qualified veteran, military member, or spouse. Ask us if you are eligible for the great benefits of a VA loan!

*Your total finance charges may be more significant throughout the life of the loan if you refinance your existing loan.

Untitled design (3)-Apr-20-2022-06-31-12-87-PM  Frequently Asked Questions

How can I tell if refinancing to reduce my monthly payment is worthwhile?

You must respond to two critical questions:

  1. How much will I be able to save? Your credit score, property worth, and mortgage rates may have changed since you purchased your home. If any of these have improved, you should use our refinance calculator to see how much you can save on your monthly payment.

  2. Will the savings be sufficient to pay the costs? To avoid paying anything out of pocket at closing, you might include the fees of securing a new mortgage in the total refinance price. However, refinancing to lower your payment may result in a longer loan term, resulting in you paying more in interest over time.

To explore if refinancing your house can help you lower your payment, speak with a Home Loan Expert or use our refinance calculator.

What does it mean to refinance? How is it going to help me get a cheaper monthly payment?

When you refinance your house, you're taking out a new loan with new terms. You'll need a loan that fits one or more of the following requirements to minimize your monthly payment:

  1. A Lower Interest Rate: The higher your interest rate, the more you'll pay for your mortgage now and in the future. If you don't shorten your mortgage term, a lower rate equals a cheaper payment.
  2. Gets Rid of Private Mortgage Insurance (PMI) — If you didn't put down 20% on your first house, you're probably paying private mortgage insurance (PMI). You can refinance to get rid of this expensive monthly payment if the value of your home has grown and you have adequate equity.
  3. Refinance to a Longer-Term Loan — Refinancing to a longer-term loan allows you to spread your debt over a more extended period. While you will pay more interest in the long run, your monthly payment will be lower.

What exactly is equity? How can it assist me in lowering my monthly payment?

The appraised worth of your home minus the amount you still owe on your loan is known as home equity.

The more equity you have, the better the refinance interest rate you can get, thus lowering your monthly payment. Private mortgage insurance (PMI), a pricey monthly tax included in many mortgages with a down payment of less than 20%, can be eliminated if you have enough equity. Use our refinance calculator to discover if you have enough equity to refinance and earn a reduced monthly payment.

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You agree to our Terms of Service and Security and Privacy Policy by submitting your contact information. You also expressly consent to TAG Lending Group, it's Family of Companies, our partner companies, and potentially our mortgage partners contacting you about your inquiry via text message or phone (including an automatic telephone dialing system or an artificial or prerecorded voice) at the residential or cellular telephone number you provided, even if that number is on a corporate, state, or national Do Not Call Registry.

You do not have to consent to receive such calls or messages to use TAG Lending or its affiliates' services. You consent to calls being recorded and monitored if you communicate with us over the phone. You also agree that we can share your data and contact information with third parties like mortgage partners, partner companies, and affiliates and that these parties can use your data and contact information for marketing and analytic purposes and improve your experience.