Refinance Now! Rates are at Historic Lows!
Refinance: Topanga, Calabasas, Woodland Hills
To refinance means paying-off your current mortgage and taking out a new loan.
Homeowners opt to refinance for a multitude of reasons, but the most common is obtaining a lower mortgage interest rate to lower monthly payments. However, some other popular reasons to seek out a refinancing are:
- to refinance to gain equity
- changing a loan type to take advantage of an improved credit rating or
- drawing on already built equity in the home.
Reducing your interest rate not only helps you save money, but it also increases the rate at which you build equity in your home, and it can decrease the size of your monthly payment. For example, a 30-year fixed-rate mortgage with an interest rate of 5.5% on a $100,000 home has a principal and interest payment of $568. That same loan at 4.1% reduces your payment to $483.
Likely before you came to Bankers Group, you were shopping around for a home loan in Topanga, Calabasas or Woodland Hills to help you get the best financing deal on the market.
A mortgage whether it’s a home purchase or refinancing is a product just like a car. The price and terms may be negotiable. Shopping, comparing, and finding your way to Bankers Group may have saved you thousands of dollars.
Bankers Group is a mortgage broker center working in Topanga, Calabasas, Woodland Hills and the greater Los Angeles area. As brokers, we arrange transactions rather than lending money directly. In other words, we find a lender for you. Our access to several lenders translates to a wider selection of loan products and terms from which you can choose.
Maybe you were searching the Internet for a way to refinance your existing home loan. Because refinancing involves many of the same steps you followed to get your current mortgage, the refi road may seem familiar. You may, however, face a few additional steps and different types of expenses.
To help determine if you’re ready to refinance on a home loan in Topanga, Calabasas or Woodland Hills, contact:
Dorothy Reik
President
Bankers Group
Cell: 310-291-1300 (call or text)
Home 31-455-4050
Office: 818-226-6100
dorothy@bankersgroup.us
CalBRE Lic #01233829
NMLS Bankers Group ID #294230
(B&P 10140.6(b); Regulation 2773)
Bankers Group is located at 5311 Topanga Canyon Blvd. Suite 201 Woodland Hills, CA 91364.
Refinance: Topanga, Calabasas, Woodland Hills, Pacific Palisades, Malibu, Santa Monica, Venice, Bel Air, Beverly Hills, Hollywood Hills, West Hollywood, Hollywood, North Hollywood, Encino, Reseda, Chatsworth, Canoga Park, Burbank, Coldwater Canyon, Laurel Canyon, Valley Village, Sherman Oaks, Sylmar, Oxnard, Los Angeles.