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.
Return to our mortgage refinance page
| California News |
Blighted San Francisco district touts its history
In the Tenderloin, corner stores sell more alcohol than food, drug-addled pan handlers shake paper cups at passers-by and churches vie for real estate with strip clubs.
|
CA-04: McClintock was endorsed by KKK.
What is it with Culture of Corruption machine politicians? If they're not in prison, they're under investigation, or they're hanging with shady characters.
|
Norbert weakens to tropical storm over Mexico
After making landfall over mainland Mexico, Norbert weakened Sunday from a hurricane to a tropical storm, weather officials said. Norbert made landfall over mainland Mexico as a Category 1 hurricane with winds near 85 mph early Sunday morning, according to the U.S. National Hurricane Center. But those winds have weakened to near 60 mph and Norbert is expected to rapidly weaken to a tropical depression later Sunday morning, the Miami-based center said. Hurricane warnings for the coast of Mexico have been discontinued, the center said.
|
Economic woes cause travelers to postpone, cancel trips
The plunging stock market, big bank failures, falling home values and other scary economic news could signal trouble for travel.
|
Will Black Turnout In Calif. Affect Anti-Marriage Prop. 8?
One of the largely unasked questions of the election is how the turnout by African Americans in California will affect Proposition 8. Will increased numbers of African American voters who arrive at California ...
|
County clerks furious at state for changes in marriage form
County clerks across California are up in arms about the state's recent decision to rush through a change allowing couples to once again mark "bride'' and "groom'' on marriage licenses instead of "Party A" and ...
|
Food Fight Over: Boycott Against Bolthouse Products Ends
Californians Against Hate has called off their boycott of Bolthouse Farms. Nearly a month ago, opponents of Proposition 8, led by Caifornians Aganst Hate, started what they called a "soft boycott" of Bolthouse ...
|
Credit Rating Agency Concerned About State's Borrowing Ability
A credit rating agency is expressing concern about California 's ability to borrow $4 billion just days before the state heads out to market.
|
Hurricane Norbert nears Mexico's Baja California
PUERTO SAN CARLOS, Mexico - Fishermen pulled in their boats and hotels warned tourists away from beaches Friday as Category 2 Hurricane Norbert bore down on Mexico's southern Baja California peninsula.
|
Schwarzenegger warns of wind, fire danger
An air tanker drops fire retardant on a blaze in Malibu driven by Santa Ana winds in October 2007.
|
Court makes Conn. 3rd state to allow gay marriage
A sharply divided Connecticut Supreme Court ruled Friday that gay couples have the right to get married, saying legislators did not go far enough when they approved same-sex civil unions that were identical to ...
|
Marijuana cartels polluting California
The 1,800-square-mile Sequoia National Forest that is popular with Mexican marijuana-growing cartels is also home to some of the most intensely polluted pockets of wilderness in America, according to federal ...
|
Vote 'no' on Prop. 8
OUR favorite way of looking at the current societal discussion about who has the right to marry whom is the simplest one: If two people love each other, and want to sanctify that love through ceremony and ...
|
Study: Calif wildfires increased ozone pollution
A new study says an outbreak of wildfires in California last year worsened smog pollution in rural areas and caused levels to spike above federal air quality standards.
|
California Governor Schwarzenegger Announces Sierra Nevada Venture
California Gov. Arnold Schwarzenegger says private donors have raised $25 million to help the state protect the Sierra Nevada.
|
Calif. measure would require more space for hens
ATWATER, Calif. - At the J.S. West and Cos. poultry farm, half a million chickens are squeezed six at a time into wire cages where they must share 2 square feet of space.
|
California Gov. often foiled by a persistent foe
Gov. Arnold Schwarzenegger thought he had sealed one of the most ambitious health care overhauls in the nation's history. His administration spent months brokering a deal with Republicans, Democrats and divergent interest groups, then watched as it passed the state Assembly with bipartisan support. When the plan went to the Senate, Schwarzenegger thought he had the backing of the Democratic leader, Don Perata. It wasn't long before the painstakingly assembled plan unraveled and lay dead in committee.
|
Mormons recruit out-of-state for gay marriage ban
Mormons living outside California have been asked to volunteer for a telephone campaign to help pass a ballot initiative banning same-sex marriage in the state.
|
High court weighs case on Navy sonar, whales
Whales may simply have to pay the price as the Navy prepares for war, Supreme Court justices suggested today.
|
1 Japanese, 2 Americans win Nobel chemistry prize
Two Americans and a U.S.-based Japanese scientist won the Nobel Prize in chemistry on Wednesday for discovering and developing a glowing jellyfish protein that revolutionized the ability to study disease and ...
|
|
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
| |
"...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.
|
|