Refinance Mortgage Temescal Valley, CA
Refinance Mortgage in Temescal Valley, CA 92883
Considering a Temescal Valley, CA Refinance Mortgage? Important Factors To Consider Before You Start Researching “Refinance Mortgage Near Me”
If you’re thinking about taking advantage of the historically low home refinance rates with a Temescal Valley, CA refinance mortgage, you want to be sure that you find the best refinance company to assist you through the process. Don’t bother going through the hassle of researching “refinance mortgage near me” and hoping that you’ll find a reputable lender. Instead, get in touch with Jet Direct Mortgage, a leading refinance home loan and reverse mortgage provider. Offering years of experience and a proven track record of success, you can count on our team of licensed and certified professionals to help you secure the best mortgage refinance rates. Whether you’d like to lower your monthly payments, shorten the life of your mortgage, or want to access the equity in your Riverside County home, contact Jet Direct Mortgage today!
What You Should Know Before You Consider a Temescal Valley, CA Refinance Mortgage
With record-low refinance rates, you might be thinking about investing in a Temescal Valley, CA refinance mortgage. Refinancing could lower your monthly mortgage payments, reduce the life of your loan, and allow you to access the equity in your Riverside County home; just to name a few of the benefits. However, before you start researching “refinance mortgage near me”, there are a few factors that you’re going to want to consider before you get in touch with a company that specializes in refinance home loans.
Here’s a look at some of the most important things that you should know before you start the process of refinancing your Riverside County home.
Find Out How Much Equity You Have in Your Riverside County Home
One of the most important factors that you’re going to want to consider before you refinance is how much equity you have in your Riverside County house. If you have little or no equity, you may not be able to secure a Temescal Valley, CA refinance mortgage.
To calculate how much equity you have, first, estimate the current market value of your property. You can use a free online tool, such as Redfin’s Estimate or Zillow’s Zestimate, which utilize algorithms and information that’s made publicly available to generate current market estimates. Next, find out how much you own on your existing mortgage by checking your most recent statement or by requesting a loan balance from your lender. Then, subtract the balance on your mortgage from your home’s current market value. For example, if your home is valued at $400,000 and you owe $150,000, you would have $250,000 of equity.
Calculate Your Debt-to-Income Ratio
Debt-to-income (DTI) ratio compares how much money owe on your debts each month to your gross income (the amount you make before deductions are removed, such as taxes and health insurance). Typically, Temescal Valley, CA refinance mortgage lenders are looking for a DTI ratio of no more than 36%, as this amount will help you secure the best refinance rates. However, if your DTI ratio is higher than 36%, that doesn’t mean you won’t qualify for a refinance home loan. The best refinance mortgage company may be able to assist you with refinancing your Riverside County house at a good rate.
Find Out Your Credit Score
You’ll also want to find out your credit score, as it will have a direct impact on your eligibility for a refinance mortgage, as well as your interest rates. Ideally, you should have a credit score of at least 740 to be considered eligible for a Temescal Valley, CA refinance mortgage. If your credit score is lower, don’t despair, as there are some things you can do to increase it; for example, you could check for and dispute errors on your credit report, pay down your debts and make sure you’re making timely payments.
Find Out the Current Refinance Rates
Just like the rates on a traditional home mortgage, the rates on Temescal Valley, CA refinance mortgages vary and change on a constant basis. The rates you saw when you are researching this afternoon could be different tomorrow morning. For that reason, it’s important that you find out what the most current home refinance rates are right before you start the process of applying. It’s also a good idea to choose a lender that will be able to lock the rates in place so that you won’t be affected should they go up before your new mortgage is finalized.
Ready to Apply for a Refinance Mortgage Near You?
If you’re thinking about refinancing your current Riverside County mortgage and you want to find the best mortgage refinance company in the area, get in touch with Jet Direct Mortgage. Offering years of experience and a proven track record of success, we can help you secure the lowest rates on a refinance home loan. For more information or to schedule a consultation with one of our knowledgeable and friendly loan officers, give us a call at 855-553-4732 or check us out online at https://www.jetdirectmortgage.com/.
Some information about Temescal Valley, CA
Temescal Valley is a census-designated place in Riverside County, California. Temescal Valley sits at an elevation of 1,138 feet (347 m). The 2010 United States census reported Temescal Valley’s population was 22,535.
Temescal Valley takes its name from the Rancho Temescal established by Leandro Serrano. Serrano received the written permission of the priest of the Mission San Luis Rey de Francia, or of the military commander of San Diego, to occupy the five square league Rancho Temescal on land belonging to Mission of San Luis Rey. He took possession in about 1818 or 1819 under a grant given by Governor José María de Echeandía to Leandro Serrano. The Serrano Boulder (California Historical Landmark (#185), marks the site of the first house erected by Leandro Serrano about May 1824. The grant extended along the Temescal Valley south of present day Corona and encompassed El Cerrito and Lee Lake. The Serrano family held the land until they lost the court case validating their title to the land in 1866. Meanwhile squatters settled on the land in anticipation of this result in 1855.
Temescal Station and Settlement
In 1857, the Temescal Station of the Butterfield Overland Mail stage line was established five miles north of the Temescal Hot Springs, ten miles north of Rancho La Laguna station and twenty miles south of the Chino Rancho station. The Temescal Overland station was “at the foot of the Temescal hills, a splendid place to camp, wood and water plenty, and protected from the winds.” Around this location the settlement of Temescal grew over the next few decades. By 1860, Greenwade’s Place in Temescal Canyon, 3 miles north of the stage station, was a polling place for southwestern San Bernardino County. It was a Post Office from February 12 until November 12, 1861 when the American Civil War shut down the Butterfield stage operations.
In 1866, the Temescal School District was organized, the fifth in San Bernardino County. Its school house was built under a huge sycamore tree and served until 1889, when a new building took its place in the early 1900s. During the 1870s, orchards and bee hives began to replace cattle and sheep ranching. The bees were first brought into the valley in the early seventies and became an important source of income in the valley. From October 29, 1874, Temescal again had its own post office.