How It Works

With so many homeowners struggling to make their monthly mortgage payments on time, there's a lot of interest in refinancing today. However, few people truly understand just how mortgage refinancing works, which makes trying to complete the process on your own all the more difficult. Thankfully, California Mortgage Refinance can help! In fact, refinancing doesn't have to be difficult at all when you have the right people at your side. Here we'll go over the 5 easy steps to refinancing!

Decide if You Should Refinance

Your first step should be to decide if refinancing is the best option for you. For some people, refinancing can save thousands of dollars and garner lower monthly payments. For others, refinancing won't make that much of a difference. Most people decide to refinance because they can no longer afford their monthly payments or they'd like a better interest rate. Take a look at our "Should I Refinance?" section for more information!

Sign Up with California Mortgage Refinance!

Now that you've officially decided to refinance, sign up for the California Mortgage Refinance service! Just fill out the form with some simple information about yourself and your mortgage. After you've submitted your information, we'll get started immediately in finding you lenders that best match your circumstances! Our service is ultra-fast and you can do it all from home!

Compare Lender Rates

By using the California Mortgage Refinance service, you'll get fast access to several different mortgage refinance quotes from multiple lenders! Our network of lenders represents some of the best in the industry and we know you'll find the interest rate you're looking for here! We'll present your quotes in a side-by-side format so you can easily decide which rate is best for you!

Choose Mortgage Type

Aside from your interest rate, your mortgage type may be the most important aspect of refinancing. Although there are many different types out there, the decision will probably come down to a fixed rate mortgage or adjustable rate mortgage for most people. An adjustable rate mortgage may offer a lower rate initially, but their rates could skyrocket when they adjust. Generally, industry experts agree that a fixed rate mortgage is the safer option, even if the rate is higher than ARM's at first.

Refinance!

Once you've found your lender and decided on a mortgage type, it's time to refinance! Remember that this final step is essentially the same as taking out a new mortgage, so be patient through the process and you could be rewarded with an improved interest rate and better monthly payments!