Refinance Mortgage Palm Springs, CA


Refinance Mortgage in Palm Springs, CA 92262

Reasons to Take Advantage of Current Low Refinance Rates with a Palm Springs, CA Refinance Mortgage

Are you interested in taking advantage of the record low refinance rates with a home refinance loan? If so, you’ve come to the right place! Considered the best refinance company in the area, Jet Direct Mortgage specializes in Palm Springs, CA refinance mortgages (and reverse mortgages, too) and has helped countless property owners throughout the Riverside County area get the lowest mortgage refinance rates and maximize the equity in their homes. Instead of searching for “refinance mortgage near me” and hoping you’ll find a reputable company, get in touch with a team that has decades of experience, a proven track record of success, and who can count on to help you secure the best home refinance rates: Jet Direct Mortgage.

The Benefits of a Palm Springs, CA Refinance Mortgage

Refinancing refers to the process of rolling the existing mortgage on your Riverside County home into a new loan. With record-low interest refinance rates, you might be thinking about taking out a Palm Springs, CA refinance mortgage. Here’s a look at some of the most notable benefits that you can take advantage of when you refinance your mortgage.

A Lower Interest Rate

Perhaps the most common reason why Riverside County homeowners refinance their mortgage is so that they can get a better interest rate on their home loan. If the refinance rates are low, you could save a substantial amount of money. For example, if the interest rate on your existing mortgage is 6% and you can get a 2% interest rate on a Palm Springs, CA refinance mortgage, that could translate to serious savings over the life of your loan.

Reduced Monthly Payments

When the interest rate on your mortgage is lower, your monthly payments could end up being lower, too. This is particularly true if you have the same payoff date on your Palm Springs, CA refinance mortgage as you did on your original home loan. Alternatively, you could extend your payoff date beyond the current date, which would allow you to pay less toward your principal balance and effectively reduce your monthly mortgage payment.

Access the Equity in Your Riverside County Home

If you take a cash-out Palm Springs, CA refinance mortgage, you could borrow against the equity in your home and access those funds and use them for virtually any reason. After you go to closing on your refinance home loan, you would receive a check, and the amount of that check would be added to the principal balance of your new mortgage. Because refinance rates tend to be lower than other kinds of loans, if you need to fund something that has a high price tag – a new car, a home improvement project, a vacation, or even if you want to pay down other debts, for example – refinancing can be a very cost-effective way to borrow the money you need.

A Shorter Term

If you want to pay off your home loan faster, a Palm Springs, CA refinance mortgage could help you do just that. For example, if you initially took out a 30-year loan to fund the purchase of your Riverside County home, you could take out a 15-year fixed-rate refinance home loan. Not only will the term of your new loan be shorter, but because the rates on a 15-year loan are usually less than the rates on a 30-year mortgage, you could not only pay off your home faster, but you could do so without seeing a large increase in the amount you’re paying each month.

Switch to a Fixed-Rate Loan

If you took out an adjustable-rate mortgage (ARM) to fund the purchase of your home, it may have seemed like a great idea at the time. While the interest rate on an ARM loan may be lower than the interest rate on a fixed-rate mortgage when the fixed-rate period ends, the interest rate on your ARM mortgage will increase and you could see a notable increase in your monthly payments. With a Palm Springs, CA refinance mortgage, you can switch from an adjustable-rate to a fixed-rate loan, so the amount you’ll have to pay on your new loan will be consistent moving forward.

Erase Primary Mortgage Insurance

If you put less than 20% down on the purchase price of your Riverside County home, you likely have to pay primary mortgage insurance (PMI) in addition to your principal balance and interest. Once you’ve accrued 20% equity in your property, you can take out a refinance home loan and get rid of your PMI payment. By eliminating PMI, you can enjoy even more savings each month.

Looking to Take Out a Refinance Mortgage Near You?

If you’d like to take advantage of the above-mentioned benefits, get in touch with a Riverside County company that can help you get the lowest refinance rates: Jet Direct Mortgage. For more information or to start the process of a Palm Springs, CA refinance mortgage, give us a call at 855-553-4732 or visit us online at https://www.jetdirectmortgage.com/ and one of our certified loan officers will be happy to answer all of your questions and assist you with all of your needs.


Some information about Palm Springs, CA

Palm Springs is a desert resort city in Riverside County, California, United States, within the Colorado Desert’s Coachella Valley. The city covers approximately 94 square miles (240 km2), making it the largest city in Riverside County by land area. With multiple plots in checkerboard pattern, more than 10% of the city is part of the Agua Caliente Band of Cahuilla Indians reservation land and is the administrative capital of the most populated reservation in California. Traditionally the Cahuilla refer to the Palm Springs area as Sec-he or Se-Khi.

The first humans to settle in the area were the Cahuilla people, who arrived 2,000 years ago. Cahuilla Indians lived here in isolation from other cultures for hundreds of years prior to European contact. They spoke Ivilyuat, which is a Uto-Aztecan language. Numerous prominent and powerful Cahuilla leaders were from Palm Springs, including Cahuilla Lion (Chief Juan Antonio). While Palm Canyon was occupied during winter months, they often moved to cooler Chino Canyon during the summer months.

The Cahuilla Indians had several permanent settlements in the canyons of Palm Springs, due to the abundance of water and shade. Various hot springs were used during wintertime. The Cahuilla hunted rabbit, mountain goat and quail, while also trapping fish in nearby lakes and rivers. While men were responsible for hunting, women were responsible for collecting berries, acorns and seeds. They also made tortillas from mesquite beans. While the Cahuillas often spent the summers in Indian Canyons, the current site of Spa Resort Casino in downtown was often used during winter due to its natural hot springs.

Native American petroglyphs can be seen in Tahquitz, Chino, and Indian Canyons. The Cahuilla’s irrigation ditches, dams and house pits can also be seen here. Ancient petroglyphs, pictographs and mortar holes can be seen in Andreas Canyon. The mortar holes were used to grind acorns into meals.

Learn more about Palm Springs.

Map of Palm Springs, CA

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