Californians are passionate people. I know. I have lived in California my whole life: From the smoggy basins of Los Angeles, to, well, the smoggy basins of Sacramento. I’ve traveled highway 101, I’ve smelled the glory of the Redwoods, and I’ve experienced the confusion of the Terminator becoming governor. Without turning into a pop-song, I’ve done it all California-style, and that even includes, moving through the exciting process of doing a California Refinance Online!
Okay, so it’s not exactly as poetic or as exciting as I’m making it out to be, but a California Refinance conducted online does not make you a bad Californian. It makes you a smart consumer, and if it’s important for you to keep your business local, then there’s no need to shy away from your monitor. You can still do it all in your pajamas.
In the next few moments, I’m going to cover some basics to ease your worries and calm your nerves about using the internet to gain access to local money.
1. You are in Total Control.
2. Some Important Online Information
3. Keeping it Local!
4. Start Broad, And then Narrow Your Search.
1. You are in Total Control.
a) Chances are, you will be filling out a short 30 second form online in the very near future, and in return, you will be receiving 3 to 4 immediate offers from brokers and lenders vying for your business.
b) But that doesn’t mean that you must receive offers from banks located at the top of the Space Needle or beneath the catacombs of the Grand Canyon.
c) The majority of the loan search services available online provide you with the option to request loan offers from several brokers specific to your area. You don’t need to reach far and wide to get a good deal.
d) This means that you can rest easy. When it’s time to complete the online short-form application, just make sure the query asks you if you’d like to narrow your search.
2. Some Important Online Information
a) Ask if your prospective mortgage broker and/or lender are licensed under the CMLA, the California Mortgage Lending Act of 1994. http://www.corp.ca.gov/pub/mb.htm
b) Check out their complaint history with the Better Business Bureau online. http://www.bbb.org/
c) Ask if they are a member of the CMBA, the California Mortgage Bankers Association http://www.cmba.com/
d) Do you qualify for Affordable Housing? If so, make sure your lender can broker a loan that will meet your needs. Here is the current Interest Rate Schedule: http://www.calhfa.ca.gov/homeownership/rates/index.htm
e) Research the current California Mortgage Refinance Rates online. We offer a free, daily rate-watch at our site, but interest rate information is everywhere.
3. Keeping It Local
a) Doing a California Refinance from your neighborhood bank or local broker, is probably a very good idea.
b) One important reason is that they know the terrain, and they know what things are like in your home town or State.
c) Every region has a different set of variables and demographics that determine its respective health or struggles, as it pertains to mortgage rates.
d) If your preference is to do your refinance with local information and personable service, then I say go with your instincts.
4. Start Broad, Then Narrow Your Search
a) Start with a broad query using the Internet, and then narrow your search.
b) There are too many banks and brokers in your area, for you to call on the phone, or take a day to drive by each office for a personal visit.
c) Use the internet as a resource. Start wisely. Conduct a broad California Refinance loan search, via the methods discussed above, and then zero in on the folks down the street.
d) If you are not making decisions based on wise, savvy shopping tactics, then in the end, you could wind up spending more money through higher rates, or higher fees, all in the good name of convenience.
e) You can still go local in the end. Those are the parameters that you get to choose when conducting a search. But don’t start there.
The internet is a powerful tool, for your California Refinance needs. Don’t ignore it. Use it, and use it to your full financial advantage.
We’ve enjoyed providing this information to you, and we wish you the best of luck in your pursuits. Remember to always seek out good advice from those you trust, and never turn your back on your own common sense.
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Disclaimer: Statements and opinions expressed in the articles, reviews and other materials herein are those of the authors. While every care has been taken in the compilation of this information and every attempt made to present up-to-date and accurate information, we cannot guarantee that inaccuracies will not occur. The author will not be held responsible for any claim, loss, damage or inconvenience caused as a result of any information within these pages or any information accessed through this site.
About the Author
Copyright 2005, by http://www.loans-resource.Com, This article is available in full format at: http://www.loans-resource.com/california-refinance.htm, Tom Levine provides a solid, common sense approach to solving problems and answering questions relating to consumer loan products
Monday, April 9, 2007
Refinance Your Property Online
By refinancing your property online you can take advantage of competitive rates in the convenience of your home. You should consider refinancing your property if interest rates are lower, your financial situation has improved, or your credit rating has improved. Once you are ready to refinance, search for lenders’ rates online for easy comparison shopping.
When To Refinance
Lower interest rates for mortgage loans are a prime time to refinance, but there are other times to consider refinancing too. For instance, if your financial situation has improved through a higher salary or extra cash reserves, then you may qualify for lower interest rates even if rates for mortgages in general haven’t fallen. The same applies for improved credit ratings.
In addition to lowering rates, you can also withdraw equity from your property to invest in land improvements or pay off high interest credit cards.
Finding Lenders
Lenders’ rates vary as much as 5 etween financing companies, so it makes sense to shop around. Online lending websites allow you to quickly compare rates through general quotes. For an actual refinancing quote, you will need to provide more detailed information, but general quotes will give you a rough idea of who is the most competitive.
Besides comparing rates, look at lenders’ fees and points. These hidden loan costs can mean the difference of thousands of dollars. When comparing loans, add the interest you will pay over the course of the loan and all fees and points to get the total cost of the loan.
Requesting Quotes
Once you have picked a handful of potential lenders, request actual loan quotes from them. Online lenders will require you to fill out a detailed questionnaire, providing information about you and the property. Job history, property location, and other details are all factors in determining your refinancing rates. Requesting refinancing quotes will not lock you into a loan, but will ensure you are getting a competitive financing package.
Applying Online
You can finish the refinancing process online by completing your application through the lender’s website. Typically, if you have received a detailed quote, your application is practically finished. Once you have given the go ahead, the lender will send out the final paperwork for your signature and approval. The loan process from beginning to end usually takes less than six weeks.
About the Author
Carrie Reeder is the owner of http://www.abcloanguide.com,an informational website about various types of loans. To view our list of recommended refinance lenders online, visit this page: http://www.abcloanguide.com/refinance.shtml
When To Refinance
Lower interest rates for mortgage loans are a prime time to refinance, but there are other times to consider refinancing too. For instance, if your financial situation has improved through a higher salary or extra cash reserves, then you may qualify for lower interest rates even if rates for mortgages in general haven’t fallen. The same applies for improved credit ratings.
In addition to lowering rates, you can also withdraw equity from your property to invest in land improvements or pay off high interest credit cards.
Finding Lenders
Lenders’ rates vary as much as 5 etween financing companies, so it makes sense to shop around. Online lending websites allow you to quickly compare rates through general quotes. For an actual refinancing quote, you will need to provide more detailed information, but general quotes will give you a rough idea of who is the most competitive.
Besides comparing rates, look at lenders’ fees and points. These hidden loan costs can mean the difference of thousands of dollars. When comparing loans, add the interest you will pay over the course of the loan and all fees and points to get the total cost of the loan.
Requesting Quotes
Once you have picked a handful of potential lenders, request actual loan quotes from them. Online lenders will require you to fill out a detailed questionnaire, providing information about you and the property. Job history, property location, and other details are all factors in determining your refinancing rates. Requesting refinancing quotes will not lock you into a loan, but will ensure you are getting a competitive financing package.
Applying Online
You can finish the refinancing process online by completing your application through the lender’s website. Typically, if you have received a detailed quote, your application is practically finished. Once you have given the go ahead, the lender will send out the final paperwork for your signature and approval. The loan process from beginning to end usually takes less than six weeks.
About the Author
Carrie Reeder is the owner of http://www.abcloanguide.com,an informational website about various types of loans. To view our list of recommended refinance lenders online, visit this page: http://www.abcloanguide.com/refinance.shtml
Refinance After Bankruptcy
Refinancing your mortgage after bankruptcy is actually the same as replacing it with an entirely new mortgage. The most common reason for refinancing your mortgage after bankruptcy is to get a lower interest rate and save money over the length of your mortgage. It is possible for you to lower your payments and save money each month and there has never been a better time to refinance. Mortgage lenders will consider refinancing your mortgage after bankruptcy because the risks involved in refinancing an existing mortgage are extremely low.
You can receive quotes from multiple lenders who are competing for your business, even if you have filed bankruptcy in the past. A quick online application will put you in touch with lenders who are experts in refinancing mortgages after bankruptcy. You can be pre-qualified in just minutes and the application is quick and easy. Refinancing your home, even after bankruptcy, can lower your payments and even give you extra cash for that well-deserved vacation, to consolidate bills, or to fund your child's college education.
If you thought refinancing your mortgage after bankruptcy was impossible, you will be pleased to learn that you can refinance and dramatically lower your monthly payments with one short online application. Lenders who are anxious to help you find the best refinancing package available for your special circumstances will contact you within as little as 24 hours after receipt of your application. A bankruptcy does not have to mean you are stuck with a high interest rate and less than desirable mortgage terms. Mortgage lenders have hundreds of loan programs that will help you meet your financial goals.
If you have been through bankruptcy and are wondering if it is possible to refinance your mortgage, complete a short online application today and learn how much money you can save each month and over the entire length of your mortgage. The difference could mean thousands of dollars in your bank account over time. Get the information you need and learn how you can lower your monthly payments and get the cash you need for bills or unexpected expenses. Refinancing your home is the best way to take advantage of the lowest interest rates in many years.
Refinancing your mortgage after bankruptcy is not impossible. Get free quotes today from multiple lenders with one simple online application. You have nothing to lose and you will find that mortgage lenders are prepared to offer you better terms than you thought possible. Lowering your mortgage payments and consolidating bills can make all the difference in your financial situation. You can be on your way to financial freedom when you contact mortgage lenders who will give you expert advice and offer you numerous choices in refinancing your home, even after bankruptcy.
About the Author
To see a list of recommended bad credit refinance loan companies online, visit this page: http://www.abcloanguide.com/lessthanperfectcredit.shtml- Carrie Reeder is the owner of ABC Loan Guide, an informational website with articles and more about various types of loans
You can receive quotes from multiple lenders who are competing for your business, even if you have filed bankruptcy in the past. A quick online application will put you in touch with lenders who are experts in refinancing mortgages after bankruptcy. You can be pre-qualified in just minutes and the application is quick and easy. Refinancing your home, even after bankruptcy, can lower your payments and even give you extra cash for that well-deserved vacation, to consolidate bills, or to fund your child's college education.
If you thought refinancing your mortgage after bankruptcy was impossible, you will be pleased to learn that you can refinance and dramatically lower your monthly payments with one short online application. Lenders who are anxious to help you find the best refinancing package available for your special circumstances will contact you within as little as 24 hours after receipt of your application. A bankruptcy does not have to mean you are stuck with a high interest rate and less than desirable mortgage terms. Mortgage lenders have hundreds of loan programs that will help you meet your financial goals.
If you have been through bankruptcy and are wondering if it is possible to refinance your mortgage, complete a short online application today and learn how much money you can save each month and over the entire length of your mortgage. The difference could mean thousands of dollars in your bank account over time. Get the information you need and learn how you can lower your monthly payments and get the cash you need for bills or unexpected expenses. Refinancing your home is the best way to take advantage of the lowest interest rates in many years.
Refinancing your mortgage after bankruptcy is not impossible. Get free quotes today from multiple lenders with one simple online application. You have nothing to lose and you will find that mortgage lenders are prepared to offer you better terms than you thought possible. Lowering your mortgage payments and consolidating bills can make all the difference in your financial situation. You can be on your way to financial freedom when you contact mortgage lenders who will give you expert advice and offer you numerous choices in refinancing your home, even after bankruptcy.
About the Author
To see a list of recommended bad credit refinance loan companies online, visit this page: http://www.abcloanguide.com/lessthanperfectcredit.shtml- Carrie Reeder is the owner of ABC Loan Guide, an informational website with articles and more about various types of loans
Refinancing Your House - How To Know Whether To Refinance Or Get A Second Mortgage
Refinancing your house’s mortgage is not the same thing as getting a second mortgage. While both allow you to cash out your home’s equity, terms and rates differ between the two types of loans. To know which financing option is best for you, learn each loan’s features and pick the one that best meets your needs.
Refinancing Your Mortgage
Traditional refinancing is basically replacing one mortgage loan with another. Typically, refinancing lowers mortgage payments through lower interest rates or longer loan terms. You can also cash out part or all of your home’s equity while refinancing.
Refinancing requires paying closing fees. To recoup these costs, you usually need to stay in the house for a couple of years. However, you will save money with better terms than if you choose a second mortgage.
Second Mortgage Option
Second mortgages, also known as home equity loan, have slightly higher rates than mortgages, but you have less or no closing costs. Second mortgages also only charge interest on the amount you borrow, not the total amount you are approved for. You can take out your equity over the course of several months or years. Terms vary widely between second mortgage lenders, so watch out for balloon payments or repayment fees.
If you want tap into your equity to make some home improvements but plan to sell soon, then a second mortgage would be better than refinancing your mortgage. Second mortgages also are a better choice when your current mortgage interest rate is lower than those being offered by refinancing lenders.
Factors To Consider
When deciding which financing option to choose, consider the purpose of the loan. If you want to reduce monthly payments, then refinance. If you simply want to tap into your home’s equity, then apply for a second mortgage.
Also, consider how long you want to stay in your house. You can lose money refinancing your mortgage if you don’t stay in your home. However, if you sell your home or refinance, you will have to pay off your second mortgage.
Remember, only you know which loan best fits your financial needs.
About the Author
Carrie Reeder is the owner http://www.abcloanguide.com,an informational website about various types of loans. To view our recommended sources for refinance mortgage loans online, visit this page: http://www.abcloanguide.com/refinance.shtml
Refinancing Your Mortgage
Traditional refinancing is basically replacing one mortgage loan with another. Typically, refinancing lowers mortgage payments through lower interest rates or longer loan terms. You can also cash out part or all of your home’s equity while refinancing.
Refinancing requires paying closing fees. To recoup these costs, you usually need to stay in the house for a couple of years. However, you will save money with better terms than if you choose a second mortgage.
Second Mortgage Option
Second mortgages, also known as home equity loan, have slightly higher rates than mortgages, but you have less or no closing costs. Second mortgages also only charge interest on the amount you borrow, not the total amount you are approved for. You can take out your equity over the course of several months or years. Terms vary widely between second mortgage lenders, so watch out for balloon payments or repayment fees.
If you want tap into your equity to make some home improvements but plan to sell soon, then a second mortgage would be better than refinancing your mortgage. Second mortgages also are a better choice when your current mortgage interest rate is lower than those being offered by refinancing lenders.
Factors To Consider
When deciding which financing option to choose, consider the purpose of the loan. If you want to reduce monthly payments, then refinance. If you simply want to tap into your home’s equity, then apply for a second mortgage.
Also, consider how long you want to stay in your house. You can lose money refinancing your mortgage if you don’t stay in your home. However, if you sell your home or refinance, you will have to pay off your second mortgage.
Remember, only you know which loan best fits your financial needs.
About the Author
Carrie Reeder is the owner http://www.abcloanguide.com,an informational website about various types of loans. To view our recommended sources for refinance mortgage loans online, visit this page: http://www.abcloanguide.com/refinance.shtml
All About Mortgage Refinancing
Refinancing your home is essentially a second mortgage, and is often referred to as such.
People refinance their homes and take out second mortgages for many reasons: a lower interest rate on their home, large medical bills that need to be paid off, credit card balances, student loans and other high-interest debt. Refinancing can save hundreds of dollars a month that can be put towards other, pressing expenses.
Before refinancing, it's imperative that you shop around for the best deal possible. Research the market and find out what percentage the most current interest rates are at. If they are higher than or similar to your existing interest rate, wait until the market lowers to refinance. According to most mortgage experts, the best time to refinance is when the market percentage is at least 2 or 3% below the current interest rate on your home.
To put it into perspective, let's take an individual who has a 7% interest rate on their current mortgage, which is at $400, 000, payable over a term of twenty years; they are paying $3101 per month. Then the market drops to 3% and they refinance. They save $800 a month, and their total becomes only $2218 per month. The payment would be even lower ($1,686) if they extended the second mortgage to thirty years. From this example, you can see that refinancing your home can be an excellent way to save money and take a lot of stress off your pocketbook.
A couple of the most common rate options for refinancing your home are the fixed rate refinance loan and the adjustable rate mortgage loan. If you're looking for a steady, slower fixed rate, consider a fixed rate loan. A fixed interest rate is ideal if you plan on being a long-term homeowner. This loan is typically spread out over a period of fifteen to thirty years and comes with a fixed interest rate that never changes, making it ideal for a family or individual who plans on long term habitation.
However, if you plan on selling your home within five years or so, you may be best off choosing an adjustable rate mortgage. This entails paying off your house quicker, as well as higher house payments, but it also saves you more money in the long run because you're paying less interest than you would on a ten or twenty year loan. Keep in mind, though, that an adjustable interest rate does rise and fall with the market, so it entails somewhat more risk than a fixed rate loan. To this end, make sure you talk to your lender in depth about this option and the market trend in the next couple of years.
If you decide to refinance your home, use common sense and do your research. There are many good rates and many good lenders, so take the time and find the one that best suits your needs. A great place to look for lenders and compare rates is the internet; there are a number of helpful sites with tools like mortgage rate calculators to help you get an idea of your options. Most online lenders also offer a free consultation, so don't hesitate to get a bunch of numbers and call.
“MortgageRefinancing-a1.com offers money-saving mortgage refinancing information, including a mortgager calculator, for the interested homeowner. To find out more about refinancing your home, please visit http://www.mortgagerefinancing-a1.com.”
About the Author
seo experts.
People refinance their homes and take out second mortgages for many reasons: a lower interest rate on their home, large medical bills that need to be paid off, credit card balances, student loans and other high-interest debt. Refinancing can save hundreds of dollars a month that can be put towards other, pressing expenses.
Before refinancing, it's imperative that you shop around for the best deal possible. Research the market and find out what percentage the most current interest rates are at. If they are higher than or similar to your existing interest rate, wait until the market lowers to refinance. According to most mortgage experts, the best time to refinance is when the market percentage is at least 2 or 3% below the current interest rate on your home.
To put it into perspective, let's take an individual who has a 7% interest rate on their current mortgage, which is at $400, 000, payable over a term of twenty years; they are paying $3101 per month. Then the market drops to 3% and they refinance. They save $800 a month, and their total becomes only $2218 per month. The payment would be even lower ($1,686) if they extended the second mortgage to thirty years. From this example, you can see that refinancing your home can be an excellent way to save money and take a lot of stress off your pocketbook.
A couple of the most common rate options for refinancing your home are the fixed rate refinance loan and the adjustable rate mortgage loan. If you're looking for a steady, slower fixed rate, consider a fixed rate loan. A fixed interest rate is ideal if you plan on being a long-term homeowner. This loan is typically spread out over a period of fifteen to thirty years and comes with a fixed interest rate that never changes, making it ideal for a family or individual who plans on long term habitation.
However, if you plan on selling your home within five years or so, you may be best off choosing an adjustable rate mortgage. This entails paying off your house quicker, as well as higher house payments, but it also saves you more money in the long run because you're paying less interest than you would on a ten or twenty year loan. Keep in mind, though, that an adjustable interest rate does rise and fall with the market, so it entails somewhat more risk than a fixed rate loan. To this end, make sure you talk to your lender in depth about this option and the market trend in the next couple of years.
If you decide to refinance your home, use common sense and do your research. There are many good rates and many good lenders, so take the time and find the one that best suits your needs. A great place to look for lenders and compare rates is the internet; there are a number of helpful sites with tools like mortgage rate calculators to help you get an idea of your options. Most online lenders also offer a free consultation, so don't hesitate to get a bunch of numbers and call.
“MortgageRefinancing-a1.com offers money-saving mortgage refinancing information, including a mortgager calculator, for the interested homeowner. To find out more about refinancing your home, please visit http://www.mortgagerefinancing-a1.com.”
About the Author
seo experts.
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