Cost To Refinance A Mortgage In California

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The average cost to refinance a mortgage in California is going to vary from application to application but generally speaking, you should anticipate paying $2,800 to $3,500 depending on the size of the loan and the loan program. This amount does not include discount points or origination fees and might be lower after lender credits. The cost to refinance a … Read more

Getting A Mortgage In California

Home in California

Here are the simple steps to getting a mortgage in California. If you’re new to the process you’ll want to obtain a basic understanding of what a mortgage is (see below). Find a good mortgage company and an experienced Loan Officer. Ask the right questions. Gather your documents. Obtain your mortgage approval. Close your mortgage. Following these simple steps will … Read more

Buying Down The Rate

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Buying down the rate in California is when you pay a fee to the mortgage lender for a lower interest rate. The most widely recognized payment is “1 point buy down” which typically reduces the mortgage rate by 0.25% +/- (when compared to a mortgage rate in which you are not buying down the rate). So How Is It Figured … Read more

Documents Needed To Refinance

Homeowner

Refinancing your current mortgage may have many different benefits. A lower interest rate, a shorter term or possibly cash-out funds to improve your home. Generally speaking; refinances usually take 3-4 weeks from completed application to signing loan documents. In case where there is a subordination of a 2nd mortgage or an Equity Line of Credit the time frame might be … Read more

The Best Mortgage Lenders

Home Owners

So who are the best mortgage lenders for refinancing? To determine that we need to establish what is important to a homeowner when he or she looks to refinance their current mortgage. For some people it’s all about the mortgage rate; for others it’s more about the service and then there are others that want both a great mortgage rate … Read more

Loan Fees, Costs And Points

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One of the biggest mistakes someone can make when shopping for a new mortgage loan is to just ask: “What’s the rate and are there any points?”. I think it’s almost a certain guarantee that you’ll end up paying more in costs and fees than if you simply asked a different question. Knowing what to ask a Loan Officer is … Read more