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Mortgage Refinancing Help
: Regional: North America: United States: California: Localities: S: San Diego: Business and Economy: Financial Services
: Mortgages (13)
 Be Prepared. You'll probably be asked for more information and documentation after you submit your application, but before your loan is approved be prepared to document your income and assets. Answer any questions and fax documentation to your loan representative as soon as possible.
 See also:
 1st San Diego Mortgage and Home Loan »
Offers home loans and mortgages throughout the region. Services include lending for new construction, debt consolidation and refinance.
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 First California Funding »
Mortgage and business lending. Includes online application, calculator, and careers. Offices in San Diego and Temecula.
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 Cassel Financial Group »
Provides residential mortgage financing. Company profile and mortgage facts.
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 American Internet Mortgage, Inc. »
Mortgages and home equity loans. Includes facts and rates, on-line application, and job openings.
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 San Diego Loans »
Mortgage broker with an office in Mission Valley. Offers rates, applications, and prequalification on line.
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 Ocean Mortgage »
Residential mortgage broker. Mortgage facts, loan programs, and company profile.
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 Gardner Mortgage, Inc. »
Mortgage broker. Includes calculator, loan information, interest rates, and online application.
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 Pacifica Mortgage »
Information about loan programs and mortgages.
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 Members Loan Services, Inc. »
Offers a variety of loan programs with a loan library.
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 Old Mission Mortgage, Inc. »
Residential purchase, refinance, and construction loan broker. Loan programs, prequalification, rates, and news.
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 Home Plus Mortgage »
Home purchase, debt consolidation, home improvement, refinance, and second mortgage loans for homeowners. Mortgage facts and online application.
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 Insider Mortgage Corp. »
Mortgage broker in Kearny Mesa area. Loan programs, mortgage facts and calculators, online application, and rates.
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 Unitrust Mortgage, Inc. »
Over 30 years experience in all facets of lending, finance, and real estate, blended with degrees in Law and Engineering Management.
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 If you know that you will be moving in 3 to 5 years, you might want to consider refinancing to a 3 or 5 year ARM (adjustable rate mortgage). These loans typically have a much lower rate that a traditional fixed rate loan such as a 30 year fixed, but they do have a fixed rate for the first 3 or 5 years of the loan. This will enable you to benefit from the lower rate, but you won't ever have to worry about the risk of a rate adjustment because you will be selling the home before the fixed-rate period ends.
If your monthly payment on a fixed-rate loan includes escrow amounts for taxes and insurance, your payment each month could change over time due to changes in property taxes, insurance, or community association fees.
If you are able to get a lower rate that what you currently have, you can save tens of thousands of dollars over the life of your loan. Also, most lenders don't charge as many fees to refinance a mortgage and depending on how much equity you have in your home you may be able to roll the closing costs into your new loan, still have a lower balance than your original loan, a lower rate, and a lower payment.
Calculate the financial benefit of refinancing in one, two, or three years. Does the benefit compare with your plans for staying in your home?
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