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CA Mortgage Refinance in California

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

Our loan specialists can customize a loan that is perfect for your needs. In no time at all, 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 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 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 
Understanding Your Credit
Your Interest Rate

" Traditional banks make their customer fit the loan; at Somerset Mortgage Lenders we make our loan fit the customer. "
Local mortgage refinance directory for CA :
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Rackerby Red Mountain Richmond Rocklin
Rail Road Flat Redcrest Richvale Rodeo
Raisin City Redding Ridgecrest Rohnert Park
Ramona Redlands Rimforest Rosamond
Ranchita Redondo Beach Rio Dell Rosemead
Rancho Cordova Redway Rio Linda Roseville
Rancho Cucamonga Redwood City Rio Nido Ross
Rancho Mirage Redwood Estates Rio Oso Rough and Ready
Rancho Palos Verdes Redwood Valley Rio Vista Round Mountain
Rancho Santa Fe Reedley Ripon Rowland Heights
Rancho Santa Margarita Represa River Pines Rumsey
Randsburg Rescue Riverbank Running Springs
Ravendale Reseda Riverdale Rutherford
Raymond Rialto Riverside Ryde
Red Bluff Richgrove Robbins

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