A San Diego Refinance Can Save You Thousands

Article by Samudra Khan







San Diego is a big coastal city and very popular as a place to settle down in. The business opportunities are promising, education and family life is encouraging and the value of real estate property is higher than most other cities around the country. This makes it both a great investment opportunity as well as a burden to pay off if you have a mortgage, especially with today’s recession and over-the-top inflation. It’s a good thing that there are organizations in the San Diego area that see this problem and offer a great solution – a San Diego refinance.

Living in San Diego the past 5 years has been tumultuous, to say the least. There have been many letdowns such the slump in the real estate sector with the market values dropping very low especially in some part of San Diego. Fortunately, things are starting to turn around, and the expectations as far as real estate values are starting to revive and be more positive.

In spite of the fluctuating property prices, there are clear signs that the prices are starting to stabilize, and here is where you can plan your financial recovery. If you have been struggling for the past couple of years with your monthly payments and changing interest rates, you can solve this problem right here, right now.

Getting a San Diego refinance is can be an enormous business opportunity to lower your monthly expenses and save a tremendous amount on your total mortgage. If you got your loan when the property prices were peaking, then you were given an interest rate of about 6.5%, which at the time was a good deal. But here is an even better deal, which you can apply for now.

Refinance San Diego and you can lower your interest rate to 4.5%, which is a big drop from your original rate. Let’s do the numbers. If you got a 30 year loan of about 0,000 on a house in San Diego around 2005, with the 6.5% rate, you are probably paying about 81 a month. You may or may not find this a manageable expense, but that is beside the point because you can bring that amount down to 29 a month with the lowered interest rate.

San Diego is extremely fortunate to have several reputable mortgage brokers who can help you lower your monthly payments, and give you expert advice on how to handle you loan. For instance, at the moment, you are probably paying an interest rate that is adjustable, but with refinance, you can change that to a fixed interest rate.

There are other organizations that can help you, so why not call one of them now, and see how much you can save. Some of these groups are:

* CCCS OF SAN DIEGO, A DIVISION OF MM – I800-308-2227* SAN DIEGO HOME LOAN COUNSELING AND EDUCATION CENTER – 619-624-2330* ACORN HOUSING, SAN DIEGO, CA – 619-231-8327* SAN DIEGO NEIGHBORHOOD HOUSING SERVICES, INC – 619-624-2330* NEIGHBORHOOD HOUSE ASSOCIATION – Phone: 619-263-7761

It’s time to start taking control over your financial position by lowering your expenses. With a San Diego refinance you can do this but to understand everything better visit mortgagesandhomeloans.net. The key to less stress about your refinance home loan is just a few clicks away.



About the Author

Samudra Khan has 4 years experience as a mortgage broker and 3 years working as a bank manager and head of the loan approval department in the United States. With extensive knowledge in this area he has started a successful mortgage blog. Visit mortgagesandhomeloans.net now for insider tips that will save you time and money.

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