Joe - One of the best "Hard Money" lenders you can work with if you are looking for a lender that is quick,professional and courteous is a company that has a California Private Money Mortgage Fund,meaning that they do not have to call up a dozen investors and shop your loan all over town.The managing members are the one that are in charge of loan comitee and they are also the ones that cut your checks for you in the matter of days not weeks.You can call them direct at area code (310) 984-0496 or find their mortgage fund online at - http://www.Ourfundsonline.com they have 23 years of experience and will assist you and underwright your loan within 24 hours.... more
In my opinion and in the short term, I would sit tight and watch the market. At 4.375%, you have a great rate for the next year. In March the conforming rate cap will go back up to $729,950 and it will take some time for rates to adjust to this cap (ie. as more and more lenders come back into the market at higher loan amounts, the lower these high end rates will be). If you need to make a change wait until about 6 months after the higher conforming rate comes into play, you'll likely get a more competitive rate.
I would also check with a good lender whose job it is to follow rates (and their indicators). If you need one, call Greg Vanslow at Princeton Capital at 650 948-0456. He has done a good job for me the last several years.... more