Mortgage Information

Mortgage Information

Articles


Syndicate content

California Mortgage Refinance

Written by admin
Bookmark and Share

Now is an excellent time to conduct a California mortgage refinance. Interest rates are low, property values are high, and many people are working on their own California mortgage refinance strategy. Refinancing isn't for everyone, of course, but when it is the right decision, considerable amounts of money can be saved, and equity may be used to withdraw much-needed cash.

Refinancing is a great idea when interest rates are lower by at least 2% than they were when you purchased your current mortgage. Shortening your loan amortization period is also a beneficial result. A good online mortgage calculator can help you to assess the repercussions of refinancing, in terms of monthly payments.

There are, of course, times when making a California mortgage refinance move is a bad decision. If the costs of refinancing won't outweigh their benefits, such as when home owners decide to sell soon afterwards, we don't recommend refinancing.

For home owners who don't intend on moving within the next few years, an intelligent refinancing move can make a very big difference in their finances. Between one lender and the next, terms of refinancing programs vary widely--contact us and find out how we can help you to preserve your hard-earned equity and save money in the long run.


Bookmark and Share