Refinance Mortgage Calimesa, CA
Refinance Mortgage in Calimesa, CA 92320
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 Calimesa, 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 Calimesa, CA Refinance Mortgage
With mortgage refinance rates the lowest they have been in decades, you may be thinking about taking out a Calimesa, 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 Calimesa, 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 Calimesa, 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 Calimesa, 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 Calimesa, CA
Calimesa is a city in Riverside County, California, United States in the Greater Los Angeles area. The population was 7,879 at the 2010 census, up from 7,139 at the 2000 census. It is situated in the San Gorgonio Pass.
Historically, Calimesa began as a small rural town with mostly single-family homes and ranches. With completion of U.S. Route 99 (modern day I-10), businesses opened and Calimesa began to take on a separate identity from the larger neighboring town of Yucaipa. In June 1929, nearly 100 residents attended a meeting and decided to apply for their own post office and to start a “name contest” in which the winner was paid $10. Calimesa was chosen from 107 names submitted, and is said to come from “cali” (referring to California) and “mesa” from the Spanish word meaning “table” or “table-lands.” The first post office was the grocery store at Calimesa Boulevard and Avenue K.
The modern history of the area was initiated with the establishment of Spanish missions in Alta California in 1769. The need for a land route to these missions inspired Captain Juan Bautista de Anza to lead a party through the area in 1774. As early as 1820, reference can be found to the messenger footpath for the missions in Arizona to the San Gabriel Mission.
The Assistencia in Redlands (which has been rebuilt), and Rancho San Gorgonio, were part of the San Gabriel Mission located near today’s Los Angeles. The San Gorgonio rancheria covered most of the San Gorgonio Pass area. A site within the rancheria, the location of the present Highland Springs Ranch & Inn, along with Whitewater, and a house at the east end of present-day Singleton Road in Calimesa, all became stage stops along this path.