Refinance Mortgage Beaumont, CA
Refinance Mortgage in Beaumont, CA 92223
How You Can Get the Best Mortgage Refinance Rates for Your Riverside County Home
Are you a Riverside County homeowner? Are you looking for a way to reduce your monthly payments and save some money? If so, you might be thinking about taking out a Beaumont, CA refinance mortgage. With today’s record-low refinance rates, you could save a substantial amount of money on your monthly payments when you take out a refinance home loan. Jet Direct Mortgage, considered the best refinance company and reverse mortgage company in the area, has been helping property owners throughout the area maximize the equity in their homes and cut their monthly expenses. Our licensed, certified loan officers can assist you with securing low home refinance rates so that you can put more of your hard-earned money where it belongs: back in your pocket. If cutting your monthly expenses sounds is something you’re interested in, get in touch with Jet Direct Mortgage to find out how we can help you take advantage of today’s low mortgage refinance rates.
How to Get the Best Rates on a Beaumont, CA Refinance Mortgage
With mortgage refinance rates the lowest they have been in decades, you may be thinking about taking out a Beaumont, CA refinance mortgage. If so, here’s a look at some simple and effective things that you can do to secure the best rates on your new loan.
Check Your Credit Report
Assess your credit report to see if you can spot any errors. Your credit has a big impact on the rates you can get on a Beaumont, CA refinance mortgage, and believe it or not, errors can happen. For example, even though you’ve been making timely payments on your bills, those payments may have been reported as late or your accounts could even be marked as delinquent. If there is an error on your credit report, your credit score may be a lot lower than it really should be which would impact the rates you could secure on a refinance home loan.
If you do spot any errors, send a letter to the credit bureau that produced the reports that the errors were reported on. You’ll need to provide your contact information and explain, in writing, what the error is and why it is incorrect, as well as provide documentation that supports your claim, such as a copy of a letter that verifies the accuracy of the account that was reported incorrectly. You could also reach out to the institution or company that furnished the mistake to the credit bureau (known as the “furnisher”); for example, if your credit card issuer reported a late payment, contact them to dispute the error and provide them with proof that the information they reported is incorrect.
Improve Your Credit Score
In order to get the best mortgage refinance rates, typically, your credit score needs to be at least 740; however, there’s a chance that you could still secure a decent rate if your credit score is lower, especially if you’re working with a reputable Beaumont, CA refinance mortgage company. Nevertheless, if you want to ensure that you’ll get the best refinance rates possible, working on improving your credit score is in your best interest. Ensure you’re making timely payments on all of your debts, including your current mortgage, credit cards, student loans, auto loans, utility bills, and any other debts that you carry. Pay down your debts, too, as the amount of debt you carry compared to your overall available credit will also impact your credit score.
Maintain Low Credit Card Balances
If you have any credit cards, make sure that you keep the balances as low as possible. According to Riverside County financialexpert, by maintaining a balance of 25% or lower of the available credit, you’ll lower your credit utilization ratio, which will improve your credit and fetch you a better rate on your refinance home loan.
Compare Mortgage Refinance Rates
The primary reason you’re interested in a Beaumont, CA refinance mortgage is to lower your monthly payments so you can save money. To achieve that goal, you should compare the refinance rates on as many mortgage offers as you can, as even a slight difference can translate to thousands of dollars in savings. When you’re comparing home refinance rates, check out the annual percentage rate (APR), too, as this rate includes the annual fees you’ll pay on your mortgage and give you a better idea of how much it will really cost you. There’s a chance that you could find that the closing costs and fees on the refinance home loan offer that advertised the lowest rates are actually higher, which could result in higher costs overall.
Opt for a Fix-Rate Mortgage
Avoid the temptation to take out an adjustable-rate mortgage (ARM). While interest may be lower initially, eventually, the rates will increase and you could end up paying a lot more than you bargained for. Instead, opt for a fixed-rate mortgage. Given the fact that the current refinance rates are low but that they could certainly increase in the future, locking in a low fixed-rate now makes the most sense. Plus, when you know how much you’ll be paying every month, you’ll be able to budget your money better.
Looking for a Refinance Mortgage Near You in Riverside County?
If you’re looking to take advantage of the low mortgage refinance rates, get in touch with a company that you can count on to help you secure the best rates possible: Jet Direct Mortgage. For decades, our loan officers have been helping Riverside County homeowners lower their monthly payments and maximize the equity in their homes. To learn more, call 855-553-4732 or visit https://www.jetdirectmortgage.com/ and we’ll be happy to answer all of your questions.
Some information about Beaumont, CA
Beaumont is a city in Riverside County, California, United States, located at the summit of the San Gorgonio Pass, between the San Bernardino Mountains and Mount San Gorgonio to the north, and the San Jacinto Mountains and San Jacinto Peak to the south. Early native American inhabitants included the Serrano and Cahuilla people, who still live on reservation lands in the area.
Beaumont, French for “Beautiful Mountain”, received its name in 1887 from Henry C. Sigler, president of the Southern California Investment Company, for its view of Mount San Jacinto.
A postcard of an early Beaumont luxury hotel sitting within local plant life typical of the area
The Smith Ranch in Beaumont was purchased in 1884. A large three-story house was erected and used as a hotel called the Highland Home Hotel.
During the early 1850s, several surveying parties passed through the vicinity of present-day Beaumont in search of a pass that would connect the east to the Pacific Ocean. The San Gorgonio Pass was first surveyed in 1853 during an expedition under Lieutenant R.S. Williamson, who was sent by the United States government. Its location enthralled many who now saw that connecting to the ocean was a feasible measure and led to plans for constructing a railway from the Missouri River to the Pacific. By the early 1860s, stagecoach lines were providing service through the pass area, and a stage stop was established, named Edgar Station, after a physician from one of the expedition parties who made his home in the area.
In 1875 when the Southern Pacific Railroad laid tracks through the modern-day location of Beaumont, they established a rail station named Summit Station. This served as a rest stop for railway travelers from the Mojave Desert on their way to the Los Angeles vicinity. In 1884 a real estate development company established a town named San Gorgonio. A second real estate development company purchased the town in 1887 and renamed the town Beaumont, which was incorporated on November 18, 1912.