If you have heard a lot of people talking about refinancing lately it is because this is the perfect time to do so. Mortgage rates in San Francisco dipped quite low this past year, but now they are slowly starting to creep back up. If you think you will wait and see if they dip again just a bit lower, you may find you have passed your window of opportunity. It is believed that home loan rates in California are going to increase significantly this year, so now is the time to take advantage of a low rate before it is too late.
We Have Low Mortgage Rates in CA
A significant number of people are refinancing now because it is just a smart thing to do. If home loan rates in California were higher than what they are now when you purchased your house then why wouldn’t you take advantage of the lower rate so you can reduce your monthly bill? That extra money could go toward more vacations, saving for your child’s education or anything else.
Here at Better Choice Loans, we are an upfront lender. This means that we don’t bump rates, so you can have peace of mind knowing that the rate you are approved for is the best rate you are going to get.