Selecting a Refinancing Program

There are an enormous number of refinancing options available to borrowers. Call us at (925) 226-7130 or (209) 833-3338 and we will work with you to qualify you for the best refinance loan to fit your financial situation. surveying your choices, you can list your goals for your refinance.

Making Your Payments Lower

Are your refinance goals to lower your rate and consequently your mortgage payments? Then a low, fixed rate loan may be your best option. An ARM (Adjustable Rate Mortgage) or a fixed mortgage with a high rate are loan programs that you might want to refinance. Different that the ARM, your low fixed-rate mortgage stays at a certain low rate for the life of your loan, even if interest rates rise. If you aren't expecting to sell your home in the near future (about 5 years), a fixed-rate mortgage can particularly be a great option. However, an ARM with a low intitial payment could be a wiser way to lower your mortgage payments if you expect to move within the near future.

Getting Out some Cash

Are you refinancing primarily to "cash out" some home equity? Your home needs renovating; your daughter has gone to college and needs tuition; or you are taking your family on a cruise. With this in mind, you want to find a loan higher than the balance remaining of your present mortgage.So you need If you've had your current mortgage loan for a number of years and/or have a high interest mortgage, you might\could be able to do this without increasing your mortgage payment.

Debt Consolidation

Do you want to cash out some of your equity to consolidate additional debt? Excellent idea! If you have the home equity for it, taking care of other high interest debt (like home equity loans, student loans, or credit cards) means you can save possibly hundreds of dollars each month.

Switching to a Shorter Term Loan

Are you wanting to fatten up your equity faster, and pay off your mortgage loan more quickly? Then, you'll want to find out about refinancing to a short term mortgage loan - like a fifteen-year mortgage program. You will be paying less interest and growing your equity faster, even though your monthly payments will likely be bigger than they were. But, you may be able to make the change without a bigger monthly payment if your long term loan was closed a while back, and the balance remaining is low. You may even make it lower! To help you understand your options and the many benefits in refinancing, please contact us at (925) 226-7130 or (209) 833-3338. We are here for you.

Curious about refinancing your home? Give us a call at (925) 226-7130 or (209) 833-3338.