In the confusing world of mortgage, it may be hard to decide which loan program is going to best fit your needs. If you financed your home when mortgage rates were a lot higher, want to change the terms of your loan to pay off your house a little sooner or extend the life of your loan to decrease your monthly payment, a rate and term home loan refinance may be the perfect option for you.
Rate and term refinances are designed to help homeowners who want to save money without withdrawing from the equity of their homes. For San Diego homeowners, a rate and term refinance is typically the most popular refinance option since it results in a significantly lower payment each month keeping more money in your pocket!
San Diego Funding is the home refinance expert for those living in San Diego, Chula Vista, Point Loma, Bonita and anywhere else in San Diego County. We can also fund loans anywhere throughout the great state of California. A rate and term refinance loan is the perfect solution for those who financed their current home before mortgage rates hit historic lows. Now is the perfect time to take advantage of low rates before they start climbing again.
The rate you pay for your mortgage each month depends on a few factors such as your credit score and the amount you are funding compared to the value of your home (otherwise known as Loan to Value, or LTV). If you have built up equity in your home due to the market recovering a bit, now is the time to take advantage if you've previously been unable to refinance!
Not sure how to get started? Leave that to us! Simply fill out our quick online form or give us a call 619-498-0000 and we will help make this process as seamless and easy for you as possible. We want to be a resource that you can turn to with any questions you may have and have been locally recognized as one of the top lending teams in all of San Diego.
