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Pomona, CA Mortgage Refinance in California

We make it easy to get the lowest mortgage refinance interest rate in Pomona, CA.

Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Pomona, 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 Pomona, 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 Pomona, 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.

Mortgage Refinance Calculators

Mortgage Payment Calculator
Refinance Savings Calculator
Refinance APR Calculator
Refinance Points Calculator 

Refinance Articles

Reasons to Refinance Now
Beat the Subprime Mortgage Crisis 
Return to mortgage refinance in the state of CA

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Pomona, California News
Annual Pomona Valley Holiday Homes tour rapidly approaching

You would never know it by the weather, but the holidays are just around the corner.


Man found shot dead in Pomona

A 40-year-old man was found fatally shot late Thursday in a residential neighborhood in Pomona.


Top Stories: Federal regulators shut 2 California thrifts

Federal regulators on Friday shut down two big thrifts based in Southern California, saying they fell victim to the acute distress in the housing market in that state.


Urban growers go high-tech to feed city dwellers

Urban growers go high-tech to feed city dwellers 1/4 Terry Fujimoto, plant sciences professor at California State Polytechnic University, Pomona, checks his students' hydroponics agriculture projects inside a ...


IRS auditor indicted on tax fraud charges

An Internal Revenue Service tax auditor was indicted on charges of tax fraud and obstructing an investigation into his actions, officials said.


Pomona couple must stand trial over child's death

A judge ruled Wednesday that a Pomona couple must stand trial on murder charges for the May death of their 2-year-old daughter, who prosecutors say died from malnutrition.


Shooting death is Pomona's second in a week

A shooting victim died Monday night before authorities were able to take him to a hospital.


Cal Poly Pomona exhibit promotes black quilt makers

An exhibit has opened at Cal Poly Pomona showing the works of black Southern California quilt makers.


Difficult times for animals displaced by fire

Humans are not the only ones to get misplaced when disaster strikes. A number of pets from the Chino Hills area were taken to a makeshift shelter set up Sunday by the Inland Valley Humane Society.


Woman to stand trial on murder charges

A woman accused of stabbing her husband 97 times with a sword and smothering her two children was ordered on Monday to stand trial on three counts of premeditated murder.


Complete List Of School Closures

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Pedregon ends the suspense

By noon Sunday, the Funny Car championship drama at Pomona Raceway was over. When Tony Pedregon, the defending Powerade Drag Racing Series champ, took out Robert Hight in the first round of the Auto Club NHRA ...


400 protest Prop. 8 in Pomona

"People tell us, `Go home. It's over. It's already been voted on,"' said Thuan Nguyen.


Many pay tribute to former Pomona Unified trustee

The sanctuary of First Baptist Church of Pomona was filled with the sounds of swing, cha-cha-cha and mariachi music to celebrate the life of Candelario "Cande" Mendoza.


Troxel takes Funny Car lead at Pomona

Melanie Troxel had a 4.105-second pass Friday in hot conditions to take the provisional Funny Car pole in the Auto Club NHRA Finals, the sixth and final race in the Countdown to 1 playoffs.


Crime and Public Safety, November 13

POMONA Police identify shooting victim David Lamont Jones, 33, was identified as the man found shot to death Monday night in the northern part of Pomona.


Comedian Tenuta on stage Friday in Pomona

Comedian Judy Tenuta, who performs Friday in Pomona, has numerous names. "The Love Goddess," "Aphrodite of the Accordion," "The Empress of Elvis Impersonators" and many more.


Pomona Valley AAUW to donate 90 books to Palomares Middle School

There was a real significance to the fact the Pomona Valley branch of the American Association of University Women plans to donate 90 books to the library at Palomares Middle School.


Child Development Center in Pomona opens two new classrooms

A ceremony last week opened two new classrooms at the Child Development Center at Fairplex and celebrated the fact that donations from supporters to the capital campaign this year topped $2.4 million, nearly a ...


Pomona district to modernize campuses

With the approval of a $235 million bond measure last week, Pomona Unified School District officials can now begin moving forward with plans to modernize campuses.


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With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
 
"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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