Doing a California Refinance OnlineCalifornians 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. Publisher's Directions: This article may be freely distributed so long as the copyright, author's information, disclaimer, and an active link (where possible) are included. 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. Copyright 2005, by Loans-Resource.Com. This article is available in full format at: California Refinance; Tom Levine provides a solid, common sense approach to solving problems and answering questions relating to consumer loan products.
MORE RESOURCES updated Wed. April / 24 / 2024 Mortgage Interest Rates Today, April 24, 2024 | Rates Still Slated to Go Down This Year Business Insider 10-year refinance rates: What to know about the current market CNN Underscored Should You Refinance Halfway Through Your Mortgage? Bankrate.com MBA: Mortgage Applications Decreased in Weekly Survey Calculated Risk How to Refinance Your Mortgage NerdWallet Only Half Of Black Seniors Approved For Home Repair Or Refinance Loans To Age In Place Block Club Chicago 15-Year Mortgage Refinance Rates: Compare Current Rates Business Insider 30-Year Mortgage Refinance Rates Business Insider Average Mortgage Interest Rates: Mortgage Rates by Credit Score, Year, and Loan Type Business Insider Mortgage Interest Rates Today, April 22, 2024 | The Still-Hot Economy is Keeping Rates High Business Insider Mortgage Interest Rates Today, April 21, 2024 | Rates Remain Near 7% Business Insider Will Interest Rates Go Down in May 2024? | Mortgage Rates Forecast The Mortgage Reports Mortgage Rates This Week NerdWallet Current Student Loan Interest Rates in April 2024 Business Insider How To Get The Best Refinance Rate Bankrate.com The best mortgage lenders for refinancing in April 2024 CNN Underscored Mortgage Interest Rates Today, April 19, 2024 | High Rates Make for a Challenging Homebuying Season Business Insider How To Choose The Right Kind Of Refinance For You Bankrate.com Should You Refinance Your Mortgage In 2024? Bankrate.com Best Mortgage Refinance Lenders In 2024 Bankrate.com Current mortgage refinance rates CNN Underscored Mortgage Interest Rates Today, April 20, 2024 | Rates Remain Elevated, but They Could Fall Later This Year Business Insider Best Refinance Lenders of April 2024: Refinance Your Mortgage The Motley Fool When to Consider Refinancing Your Mortgage Business Insider Best Mortgage Refinance Lenders of April 2024 Business Insider Mortgage Rates Chart | Historical and Current Rate Trends The Mortgage Reports Refinance Requirements: What You Need to Refinance Your Home in 2024 The Mortgage Reports How Soon Can You Refinance a Mortgage? NerdWallet Refinancing a Home Equity Loan (2024 Guide) MarketWatch Mortgage Rate Forecast February 2024 Bankrate.com Conventional Refinance Rates and Guidelines for 2024 The Mortgage Reports How To Refinance An Underwater Mortgage Bankrate.com 30-year refinance rates: What to know CNN Underscored Current 15-year refinance rates — and lenders that offer them CNN Underscored Mortgage Rate History: 1970s to 2023 Bankrate.com When should I refinance my mortgage? To determine if a refinance is the right move for you, you’ll need to know the ... The Wall Street Journal How To Get A Home Equity Loan With Bad Credit Bankrate.com Pros and Cons of a Cash-Out Refinance Bankrate.com Should I Refinance My Mortgage Now? When to Refinance As Rates Drop Business Insider What Credit Score Do I Need To Refinance? Bankrate.com Office of Research blog: A look at cash-out refinance mortgages and their borrowers between 2013 to 2023 Consumer Financial Protection Bureau Mobile Home Refinancing | Loans & Rates 2023 The Mortgage Reports
|