Financing in 90405>Question Details

4someone, Other/Just Looking in 90405

Would like to refinance my house Santa Monica owe 150K, my fico is about 750. Current apr is 5.75 for 30 yrs

Asked by 4someone, 90405 Thu Feb 5, 2009

and would like a 15 year loan

0 votes Share Flag Financing in 90405

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I can recommend an excellent Mortgage Broker at BofA in Santa Monica - Morgan Eram 310-829-4500. IHe has helped in excess of 25 of my clients over the last few years and they all rave about his service and rates.
3 votes Thank Flag Link Sat Feb 14, 2009
Plenty of Lenders aboud here. Contact one (You could even email me :))

I am a mortgage broker. If I can be of service, please let me know!

Martin Smith

Precision Funding
877-238-6324 Ext 704
513-536-7184
877-238-6324 FAX
MSmith@PrecisionFundingUSA.com
http://www.PrecisionFundingUSA.com
0 votes Thank Flag Link Sun Feb 15, 2009
I am a real estate agent, not a mortgage broker. But I refer my past and present clients to Whitman Metropolitan. Excellent brokers providing the best rates and no junk fees. They are very open about the refinancing process and will explain the cost/benefits to you in order to leave you with all the information to make the best decision for you. The company is based out of Roseville, but they do loans across all of California.

Dylan Whitman or David Wacker are both excellent. Definitely have them give you a competitive quote.

You can contact them here: http://www.whitmanmet.com/

Good luck!
Tara

Tara Steinke
San Diego Real Estate Specialist
Residential Sales and Appraisal
619-384-6014
mysandiegoagent@gmail.com
0 votes Thank Flag Link Fri Feb 6, 2009
Should not have n issue here. You;re below 5% on a 15 year fixed. Sit down with a mortagge broker and discuss your options.

I am a mortgage broker. If I can be of service, please let me know!

Martin Smith

Precision Funding
877-238-6324 Ext 704
513-536-7184
877-238-6324 FAX
MSmith@PrecisionFundingUSA.com
http://www.PrecisionFundingUSA.com
0 votes Thank Flag Link Fri Feb 6, 2009
4someone,

Please see the following paper on how to properly "rate shop", and be aware that "best price" very rarely gets you best advice. http://docs.Steven-Anthony.com/RateShopping-DoItRight.pdf

Also, I do not know your personal situation; however, consider the message contained in this paper:
http://docs.Steven-Anthony.com/HowToSafelyManageHomeEquity.pdf

Some of it's points may influence you refinancing decisions.

Best, Steve
0 votes Thank Flag Link Fri Feb 6, 2009
4someone,

Read my "Rules of Refinancing" blog and let me know if you have any questions from there. As the other reply stated, your current rate is relatively very good, however if your plans involve a more complex strategy than simply lowering your rate, that is something that needs to be looked at in greater detail. The math will not be a mystery and I can help make it very clear.

Let me know if I can be of service. Our consultation and pre-approval are free and non-binding.

Thank you!
0 votes Thank Flag Link Fri Feb 6, 2009
Good idea, though your current rate is pretty good already and with what you owe the payment difference might not be very much. Just make sure to take into consideration the total cost and as another alternative maybe a 10 yr. loan instead.

Any questions let me know and good luck to you.
0 votes Thank Flag Link Thu Feb 5, 2009
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