Indio, CA Mortgage Refinance in California
We make it easy to get the lowest mortgage refinance interest rate in Indio, CA.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Indio, CA residents can be on the way to a lower interest rate, a lower monthly payment, or switching from an adjustable rate mortgage to a fixed rate mortgage.
When Should I Refinance?
The best time to refinance is when interest rates in Indio, California drop below the rate of your current mortgage. With a lower interest rate, you'll save money on your mortgage payment every month. Be sure to read our article titled Reasons to Refinance Now.
Turn Your Adjustable Rate into a Fixed Rate
With adjustable rates on the rise Indio, CA residents can benefit greatly from refinancing your home for a low fixed rate. These benefits include a lower monthly mortgage payment, and the security of knowing your mortgage payment won't increase.
Cash-Out Refinancing
Using the equity in your home, you can refinance your mortgage for a higher amount than your current principal balance and receive the extra funds as cash. You can use this money however you would like, including, remodeling your home, paying off high-interest rate credit cards, paying off student loans, or consolidating all your debt. How much cash out you can receive by refinancing depends largely upon the principal balance remaining on your mortgage and the amount of equity in your home.
Eliminate PMI
Private Mortgage Insurance is usually required if your downpayment on your home was less than 20 percent. If your home equity has increased since your purchase, you may have enough equity to elimate that PMI payment by refinancing your mortgage.
Save Thousands in Interest
When you refinance your home you can decide to switch your mortgage to a shorter term, such as 10, 15, or 20 years. Depending on how much lower the refinance rate is, you will likely pay more per month for this shorter term home loan. However, in the long-term you are saving thousands in interest. And because more of your monthly mortgage payment goes towards the principal, your home equity will increase much quicker.
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Mortgage Refinance Calculators
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Refinance Articles
Reasons to Refinance Now
Beat the Subprime Mortgage Crisis
Return to mortgage refinance in the state of CA
| Indio, California News |
Residents Trapped After Truck Crashes into Indio Apartment Complex
A pickup truck smashed into an Indio apartment complex, leaving two residents trapped under debris on the ground floor and the second story in danger of collapse, according to a Cal Fire spokeswoman.
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Light rain won't delay Old Town Indio's Miles Avenue renovation
Light rain on Wednesday did not delay construction of Miles Avenue in Old Town Indio.
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Alkobar opens in Indio
A sweet, sugary smell radiates from the meat sizzling on the grill at Alkobar, the latest deli to open on Highway 111 in Indio.
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Center offers classes to keep Indio in shape
Looking for something athletic to do this winter? Try checking out the Indio Community Center's slate of new classes for the season.
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Brawl disrupts youth football game in Indio
A brawl reportedly interrupted a youth football game in Indio on Sunday and The Desert Sun wants to hear from eyewitnesses.
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Suspect Arrested in Indio Carjacking, Fire
An arrest was made in connection to an Indio carjacking in which the victim was asked to give two women a ride and ended up being carjacked at their destination.
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U.S. Cancer Rate Declines for First Time
For the first time since the government began compiling records, the rate of cancer has begun to decline, marking a tipping point in the fight against the second-leading cause of death among Americans.
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Overnight vegetation fire in Indio
Firefighters are still cleaning up debris this morning from an overnight vegetation fire in the Indio area.
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Sarah Silverman will perform in Indio
Comedian Sarah Silverman is performing at 8 p.m. on Jan. 10 at the Special Events Center of the Fantasy Springs Resort Casino in Indio.
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Indio schoolchildren practice quake safety
Under her desk, fourth-grader Jordyn Dallosta, 9, clutched her desk handle. The other hand went behind her head.
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Queen Scheherezade will be crowned in Indio
A new Queen Scheherazade will be crowned this weekend in Indio for the Riverside County Fair and National Date Festival.
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Indio Man Accused of Shooting Boy at a Park
A 32-year-old man accused of shooting a youth in Yucca Park was in custody Friday in lieu of $150,000 bail, facing an assault with a deadly weapon charge, Indio police said.
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Native American tribes to gather at California casino
The rich heritage of the Native American culture will be celebrated as tribal members from near and far gather at the 27th Indio Powwow at Fantasy Springs Resort Casino, November 28th -30th. Held indoors at the ...
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Suspect arrested in Indio park shooting
Police have arrested a suspect in a shooting that left a juvenile injured last week in Indio.
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The Coachella Valley Rescue Mission
The Coachella Valley Rescue Mission is in desperate need of Thanksgiving trimmings.
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PS City Council to consider funding for radio system
The Palm Springs City Council is expected to decide tonight whether to approve funding for a radio system designed to improve communications among area police and fire agencies.
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Woman Found Nude, Bleeding After Rape In Indio
Police say a woman suffered head injuries during a sexual assault and that her accused attacker has been arrested.
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Indio gearing-up for Tamale Festival
Final preparations are underway for the 17th Annual Indio International Tamale Festival in Indio.
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Shots Fired In Indio Sends One Boy to the Hospital
A young boy is struck by gunfire while playing in Indio's Yucca Park. Police interviewed residents to find out what exactly happened.
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Months pass since Indio panel requested inquiry
Nearly seven months ago, the Indio Youth Task Force decided to return a federal grant worth $34.5 million amid allegations of forgery.
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With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
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"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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