Refinance Mortgage Rubidoux, CA
Refinance Mortgage in Rubidoux, CA 92509
Signs You Should Consider Investing in a Riverside County Refinance Home Loan
If you’re thinking about taking out a Rubidoux, CA refinance mortgage, get in touch with the best refinance company in Riverside County: Jet Direct Mortgage. As a leading refinance home loan and reverse mortgage lender, our team of licensed, certified loan officers are committed to helping homeowners throughout the area secure the lowest refinance rates possible. We offer several different mortgage programs and will assist you with choosing the best option to suit your specific needs. If you’re interested in a refinance home loan, for the best mortgage refinance rate possible, get in touch with an industry expert: Jet Direct Mortgage!
Signs You Should Consider Taking Out a Refinance Home Loan on Your Riverside County House
If you own a home in Riverside County, there’s no doubt you’ve been hearing the buzz about low-mortgage refinance rates. You may even know someone (or maybe a few people) who have taken out a refinance home loan, and you may be wondering if you should, too. How do you know if a refinance home loan is a good option for you? Here’s a look at some key signs that you should consider a Rubidoux, CA refinance mortgage.
You Want to Reduce Your Monthly Payments
If current refinance rates are lower than the rate on your existing mortgage and you want to lower your monthly payments, a Rubidoux, CA refinance mortgage may be the right option for you. Interest accounts for a large chunk of the amount you pay toward your monthly mortgage payment. Therefore, by rolling your current loan into a new loan with a lower rate, you could save a good bit of money. For example, if your current interest rate is 6% and you take out refinance home loan with a 3% interest rate, you could see sizable savings in your monthly expenses.
You Have a Healthy Credit Score
The better your credit score, the better your mortgage refinance rates will be. In order to secure a good rate, your credit score will need to be either very good (between 740 and 799) or exceptional (800 or higher). If you haven’t taken a look at your credit score in a while, you can do so easily, for free, and as often as you’d like. The common misconception that frequently checking your credit report will have a negative impact on your sore is just that, a misconception. You can check out your score on one of the three major credit bureaus, or you can use sites like Credit Karma.
If it seems like your score isn’t as high as it should be or it won’t be enough to land you a good rate on a Rubidoux, CA refinance mortgage, there are some things that you can do that may be able to help bump up the number quickly. For example:
- Check for errors and if you spot any, contact the credit bureau that issued the report to dispute them.
- Pay off your credit card debt – or at least pay it down as much as possible. Doing so will reduce your credit utilization, the percentage of the credit that’s available to you that you’re currently using.
- Pay all of your bills in a timely manner. If a payment is received just one day past the due date, your credit score could take a hit.
You Want to Switch from an Adjustable-Rate Mortgage to a Fixed-Rate Loan
When you first bought your Riverside County home, an adjustable-rate mortgage (ARM) may have seemed like a good idea and for a few years, it may have saved you money on your monthly payments. However, once the fixed period on your ARM comes to an end, the interest rate on your loan could go up, and you could end up having to pay out significantly more on your mortgage payments. Though the fixed rate on a Rubidoux, CA refinance mortgage may be higher than your original ARM, you’ll be able to avoid rate increases in the future. Furthermore, given the fact that current refinance rates are at historic lows, you could end up saving quite a bit over the life of your loan.
You Want to Access the Equity in Your Riverside County Home
If you’re looking for a cost-effective way to secure funding for a new car, a home improvement, a vacation, to pay down debts, or for any other reason, a cash-out refinance loan is definitely an option to consider. With this type of Rubidoux, CA refinance mortgage, as long as you have accrued at least 20% equity in your Riverside County house, you can withdraw the equity in your home. For instance, if your home is valued at $400,000 and you only have $100,000 left on your existing mortgage, you have $300,000 of equity that you can borrow against. You could then opt for a cash-out refinance for $25,000 of the equity in your house and your new refinance home loan would be $125,000.
Looking for a Reputable Company that Specializes in Refinance Mortgage Near You?
If you’re interested in a refinance home loan and you’re looking for a company that you can count on to assist you with securing a low-interest rate, get in touch with Jet Direct Mortgage. To find out more about the Rubidoux, CA refinance mortgage process and how we can assist you with the process, give us a call at 855-553-4732 or check out our website at https://www.jetdirectmortgage.com/.
Some information about Rubidoux, CA
Rubidoux was a census-designated place and unincorporated community in Riverside County, California, until July 1, 2011, when it became a neighborhood of the newly formed city of Jurupa Valley. The city is located within Southern California’s Inland Empire region, which is part of the Greater Los Angeles Area. Along with the rest of Jurupa Valley, Rubidoux has transformed from a rural area of quarries and dairy farms, in mid to late 20th century, to a suburb of the two larger regions. As of the 2010 census, the population was 34,280, up from 29,180 at the 2000 census.
The community’s name refers to Louis Robidoux who settled in the area in 1843. Of French Canadian origin, Robidoux’s grandfather migrated from Quebec to St. Louis, Missouri, where his interest in the fur trade expanded to become the family business. Robidoux and his brothers became US citizens after 1803 when St. Louis officially became part of the United States. Robidoux was also a naturalized Mexican citizen who had served as Alcalde of Santa Fe, New Mexico. The town of Rubidoux is sited on part of what was once Rancho Jurupa, the Robidoux family ranch. Current descendants of Robidoux now spell their surname Rubidoux.
On March 8, 2011, voters of Rubidoux and adjoining towns passed Measure A by a 54% “Yes” vote, to incorporate the areas of Mira Loma, Pedley, Rubidoux, Glen Avon, and Sunnyslope into the new city of Jurupa Valley. The effective date of incorporation was July 1, 2011.