Refinancing A Mortgage

Buying Down The Rate

Nice home with swing3

Lower Interest Rate: Years ago someone came up with the idea that a borrower could pay a fee to lower the interest rate. In the mortgage industry this has become known as “buying down the rate”. So what does that mean and how is it figured out? For starters buying down the rate on a new mortgage generally means you … Read more

Loan Estimate


Understanding The Loan Estimate: If you’ve purchased or refinanced a home years ago you’ll remember a document called the Good Faith Estimate (GFE).  However that was changed a few years back and now mortgage lenders issue the Loan Estimate (LE). Why the change?  Regulators decided that the disclosure needed an overall and they also were trying to find a way … Read more

The Best Mortgage Lenders

Family Home

Everyone Is Different: So who are the best mortgage lenders for refinancing?  To determine that we need to establish what is important to a homeowner when he/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 … Read more

Less Than Perfect Credit

Mortgage company

Credit Problems: Do you happen to have “less than perfect credit” or “bad credit”? There are many homeowner’s or potential homeowner’s that don’t have great credit and locating a new mortgage might seem impossible. Just because you have less than perfect or bad credit does not mean you can not obtain a new mortgage. There are many loan programs available … Read more

Who Has The Lowest Mortgage Rates?

Home mortgage rates

The Simple Fact: Have you ever asked a family member, friend or even a realtor this question? I would guess most home buyers or homeowners looking to refinance their mortgage have at one point in time or another asked someone “Who has the lowest mortgage rates in California?”. Here is a simple fact of life in the mortgage industry: no … Read more

Is Now The Right Time To Refinance?


First Step To Take – Your Current Loan: As far as a process to determine if now is a good time to refinance; here is how I suggest a homeowner determine if it’s a good time to refinance. When a homeowners consider a refinance they first should clearly understand their current rate/term before doing anything else. Second; try and locate … Read more