California real estate prices have jumped so much in recent years that refinancing mortgages has increased potential savings. With higher equity ratios, you can cash out part of your equity at favorable rates. But dont limit your lender search just to in-state lenders. Look to online financing companies to give you the best deal on a refi.
Tap Into Increased California Home Values
With Californias hot housing market, home equity has shot up for most homeowners. Higher equity ratio makes refinancing easier. With a large equity base, lenders are more likely to offer low rates.
That means you can consolidate your high interest debt, renovate your home, or finance a college education at a reasonable price. And in most cases you can use the mortgage interest as a tax deduction.
Dont Just Look At In-State Lenders
Financing companies based across the nation are competing to get your refinancing business. Offering lower rates online than in their regular offices, you cant afford not to shop online for a lender.
Online lenders will give you free loan quotes that you can compare with other offers. As long as you dont give a lender permission to...
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