Los Angeles California Home Mortgage
Type of Loan:
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%
MMA and SAVINGS 0.58%
$10k MMA 0.57%
Interest Checking 0.43%

Mortgage Brokers & Lenders Directory

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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When You Should Refinance Your Mortgage in Los Angeles

Despite being home to several affluent neighborhoods, Los Angeles, California, does not rank among the richest cities in the US. While there are the superrich, at the other end of the scale are the people hit hardest by the ongoing recession. Refinance mortgage is the ideal option for them to get a lower interest rate and manage debt easily. Yet, with the average rate hovering over 3.7% for a 30-year deal, you need to think about a few points before opting for mortgage refinance.

How Old Is Your Debt?

It makes sense for a Los Angeles resident to opt for refinancing early on in the mortgage or home loans. This is because coupled with the principal and interest, the monthly payment takes away a major share of the paycheck. Finding a mortgage refinancing deal early on reduces the amount you have to pay from the start, thereby saving you a great deal of money over the duration of the mortgage.

How Much Do You Owe?

Refinancing options are skewed in favor of people who owe big. As is the case with substantial home loans, the mortgage rates applied can really increase the amount to a great extent. Hence, it is important that you use mortgage calculators to work out how much money you will save on a particular refinance deal. In some cases, the closing costs alone can be greater than the savings.

How Good Is Your Credit?

Most importantly, you need to consider how good your credit score is. If the debt you are refinancing is the only amount you owe and you don’t have credit card debt or any other debt, you should have a healthy credit. The mortgage broker or any lending institution you borrow from will assess the credit when deciding on the terms and conditions of your refinance package. If you have bad credit, avoid refinancing till you can repair the score. To learn more about repairing your credit, ask one of our Los Angeles Mortgage brokers.

You can find a list of brokers and lenders in Los Angeles for your refinance mortgage deal at Visit the website to find reputable firms and individuals you can get refinanced from. They also have a mortgage calculator you can use to calculate the repayments plus a mortgage calculator widget which enables you to add the calculator to other websites.





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