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Benefits of Refinancing Today!


With today's historic low interest rates, there has never been a better time to refinance your California Home Loan.  We are eager to work with you and have  the money to refinance your home.  Don't believe the news reports that lender don't want to lend; they want to lend you money if you can document your income and have reasonably good credit!  We can lend up to 105% of the value of your home. There has never been a better time to refinance your home.  We make the process easy. 


Go to the "Apply online" link on the upper left hand side of the website.  Follow the easy instructions.  Most people complete the application in 15 minutes and your application does not have to be perfect as we can make changes after you push the send button and your application is securely delivered into our loan approval system.

We have low cost and zero upfront cost options to lower your payments.

Here are some benefits of refinancing:

  • Get a lower mortgage rate and reduce interest costs.
  • Convert your adjustable rate mortgage to a secure, fixed-rate mortgage.
  • Consolidate your first and second mortgages into a mortgage with a lower rate.
  • Pay off installment debts and credit cards.

The advantages we offer for your refinancing needs include:

  • Low rates
  • Low and zero up front cost programs
  • Easy online application
  • Many mortgage programs
  • Guidance and advice from an experienced loan professional

Ready to refinance your current mortgage?

Apply online to be pre-approved.

Find out if now is the right time for you to refinance your current mortgage.


Should you Refinance?

Check out Our Current Refinance LoanSuperStore.com, Inc. Article:

As mortgage rates continue to set new record lows, the question is, Should you refinance?

The Federal Open Market Committee, which is the group of Federal Reserve governors who determines the route of our nation's economic policy, released their statements on 8/10.  The policy statement didn’t seem to offer any major surprise; they just reminded us that the economic recovery that we are taking will be a slow path.  They announced a new plan where they will purchase Treasury debt in the open market. This action was intended to prevent the spread of fear in the marketplace.

After the Fed had announced this decision, stocks sold off and benchmark interest rate moved significantly lower.

This week rates fell to levels that many people in the mortgage business thought they would never see!

We are now seeing incredible things happening in the mortgage business.  We are seeing most lenders offering 3.875% on rate sheets and some are even willing to go down to 4.125%! Again these rate quotes are only available to borrowers whose pricing is not subject to risk based adjustments. If you are seeking a 15 year term, they are in the 3.75% to 4.00% range. 

Frank Nothaft, Freddie Mac's chief economist, said in a report issued this week: "The ability to lock in a principal and interest payment at below 5 percent for 30 years is rare enough. The fact that a 30-year fixed-rate mortgage can be obtained for 4.5 percent, or a 15-year mortgage for 4 percent is an amazing opportunity for borrowers."

We are now seeing that refinancing constitutes most of the mortgage market, accounting for nearly 78 percent of all loan applications nationwide, the Mortgage Bankers Association reported this week.  With the rates being so low, many home owners who have equity are refinancing to lower their monthly payments.

Do you think rates might go even lower though? There is a possibility, but probably not by much, according to Celia Chen, senior director at Moody's Analytics. "I don't think they're going to fall much further; they're at a record right now," she said. With these rates being so low already, it doesn’t seem to have much more room to go lower.

With record low rates and a hurting economy, it seems to be a good decision to think about investing some time in finding out if refinancing can help lower your monthly payments.  Contact your local lenders and check online resources to see if this is a good option for you.  Your monthly payment could be lowered significantly. 

 

Apply Now!