Refinance Options

Lower your rate. Tap into equity. Pay off faster.

At ASJ Mortgage Solutions, LLC, we help Phoenix homeowners explore smart refinancing options—whether your goal is to lower your monthly payments, pay off your loan faster, or access the equity in your home.

Refinancing replaces your existing mortgage with a new one—ideally with better terms, a better rate, or more flexibility—and our team ensures you understand every step.

What Is Mortgage Refinancing?

When you refinance, you replace your current home loan with a new mortgage that better fits your financial goals. The process is similar to getting your original loan—you apply, go through underwriting, and close on your new mortgage. Reasons homeowners refinance

Secure a lower interest rate
Reduce monthly payments
Switch from an adjustable-rate to a fixed-rate mortgage
Shorten the loan term to pay off faster
Access cash through home equity

Benefits of Refinancing Your Mortgage

Lower Monthly Payment – Reduce your payment by securing a better interest rate or longer term

Pay Off Faster – Shorter loan terms save on total interest
Eliminate FHA Mortgage Insurance – Switch to a conventional loan to remove ongoing MIP costs
Cash-Out Options – Tap into your home equity for renovations, debt payoff, or major purchases
Debt Consolidation – Roll multiple debts into a single, manageable monthly payment
Financial Stability – Lock in a fixed rate to avoid future payment increases

Types of Mortgage Refinancing We Offer

Rate-and-Term Refinance – Change your rate, your loan term, or both—without altering your loan balance
Cash-Out Refinance – Borrow against your home equity for cash, increasing your loan balance
Cash-In Refinance – Bring cash to closing to reduce your loan balance, potentially lowering your rate or removing PMI

How the Refinancing Process Works

Check Your Credit – A stronger credit score means better rates
Set Your Goals – Know whether you want lower payments, faster payoff, or cash access
Compare Lenders – We help find competitive rates and terms
Apply & Get Approved – Provide documentation just like your original mortgage
Close & Save – Review terms, sign, and start benefiting from your new loan

Frequently Asked Questions

What’s the difference between pre-qualified and pre-approved?

Pre-Qualified – An estimate based on initial details

Pre-Approved – Verified financial review, making your application stronger

What are “points” in refinancing?

Prepaid interest you can buy upfront to lower your rate

What’s a rate lock?

An agreement from your lender to hold your interest rate for a set period during processing

Can refinancing hurt my credit?

The inquiry may cause a small, temporary dip, but long-term savings can outweigh this

Get Started Today

Whether you’re buying, renovating, or refinancing, we’ll help you secure the right

loan for your needs—quickly and confidently.

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Information is subject to change and does not constitute a loan approval or commitment to lend. Applications subject to credit and underwriting review. Not for use in NY.

All Rights Reserved. ASJ Mortgage Solutions, LLC | Privacy Policy | Terms & Conditions - NMLS Consumer Access / Legal Disclaimer - This information is not intended to be an indication of loan qualification, loan approval or commitment to lend. Other limitations may apply. This site is not authorized by the New York State Department of Financial Services. No mortgage loan applications for properties located in the state of New York will be accepted through this site.