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Stockton California Home Mortgage
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Home Description:
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California Mortgage
PRODUCT +/- Rate Last week
30 year fixed Graph Icon Arrow 4.09% 4.16%
15 year fixed Graph Icon Arrow 3.25% 3.30%
5/1 ARM Graph Icon Arrow 3.28% 3.36%

 Rate disclaimer

PRODUCT +/- Rate Last week
30 year fixed refi Graph Icon Arrow 4.09% 4.17%
15 year fixed refi Graph Icon Arrow 3.25% 3.34%
10 year fixed refi Graph Icon Arrow 3.15% 3.18%
PRODUCT +/- Rate Last week
60 month used car loan Graph Icon Arrow 3.20% 3.20%
48 month used car loan Graph Icon Arrow 3.18% 3.19%
60 month new car loan Graph Icon Arrow 3.44% 3.44%
PRODUCT +/- Yield Last week
6 Month CD Graph Icon Arrow 0.75% 0.71%
1 Year CD Graph Icon Arrow 1.24% 1.24%
2 Year CD Graph Icon Arrow 1.41% 1.41%
PRODUCT Rate
MMA and SAVINGS 0.58%
$10k MMA 0.57%
Interest Checking 0.43%

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You can search our directory or Mortage Brokers & Lenders and get a current quote on 30 year fixed mortgage rates as well as current mortgage interest rate for other loan programs.

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Why Consider Mortgage Refinancing in Stockton, California

When you apply for a mortgage refinance loan, you actually try to pay off your previous loan by getting a new one. You can also choose to merge your primary and secondary loans into an entirely new mortgage. Refinancing involves the same procedure that you may have gone through while getting your original loan.

You may want to refinance your mortgage through any organization of Stockton, California for any of the following reasons:

To Reduce your Mortgage Rate

The mortgage rate applicable on your loan defines how much you have to spend for your monthly mortgage payments. Lower interest rates typically indicate lower mortgage payments. It is possible to get a loan with a lower interest rate due to your improved credit score or better economic conditions. A reduced interest rate may also allow you to develop your home’s equity more quickly.

To Adjust the Mortgage Duration

Decrease your Mortgage Duration: Shorter-term loans usually have lower mortgage rates. You can even pay back your mortgage sooner, thus further lowering your overall interest costs. However, your monthly mortgage payments may be higher as you have to pay more principal amount per month.

Increase your Mortgage Duration: You may need a loan spanning over a longer duration to reduce your monthly mortgage payments. However, the increased timeframe may make you pay extra amounts towards interest.

To Get a Better ARM

If you presently have an adjustable rate mortgage, the next mortgage rate adjustment may substantially increase your mortgage payments. So, you may decide to apply for a mortgage refinance to snag another mortgage with much better rates.

Additionally, refinancing is a feasible option for people trying to switch from an ARM to a fixed-rate mortgage. Make sure to consider all available options before making any financial choice. Use convenient mortgage calculators available at MortgageRefinance.com to get a clear picture of your mortgage payments and other charges.

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