If interest rates fall below your current mortgage rate, refinancing
may be a great idea. The old idea that rates must be 2 full percentage points
below your existing loan is not true. A drop of as little as 1/2% could save
you thousands of dollars.
A variety of loan terms, no-point rate options
and lower closing cost loans have greatly decreased the rate difference needed
to make refinancing profitable.
We as consumers spend substantial amounts
of time trying to make our savings and investments earn more. One avenue which
is sometimes overlooked is seeing how much we can decrease our debt payments.
Since a mortgage is usually the largest debt we have, it pays to concentrate most
on reducing that payment first.
Cobalt Financial Corporation
2845 Moorpark Avenue, Suite 209
San Jose, CA 95128
Phone (408) 615-8500
Fax (408) 519-5983
San Jose, Los Gatos, Mountain View, Sunnyvale, Santa Clara, Milpitas, Fremont, Hayward, Union City, San Francisco, Alameda, Oakland, Campbell, Palo Alto, Los Altos, Menlo Park, San Mateo, Redwood City, Belmont, Morgan Hill, Gilroy, Hollister, Vallejo, Tracy, Stockton, Sacramento, Elk Grove, Roseville, Walnut Creek, Pleasanton, San Ramon, Dublin, Newark, Pacifica, Daly City, Saratoga, Monterey, Marina, Seaside, Los Angeles, Belmont, San Diego, Fresno, Bakersfield
A variety of loan terms, no-point rate options
and lower closing cost loans have greatly decreased the rate difference needed
to make refinancing profitable.