Are you looking to refinance your current home loan to take advantage of the very low fix interest rates that are on the market place today but the process may be to much with all the paperwork to obtain for the lender? Working with the right lender and an experience Mortgage Professional will make all the difference on how your loan process will go with your refinance here in California. With the cost of saving on your monthly payment will make gathering the paperwork a lot more tolerable. You do not want to prolong this process because if rates should raise (which they have been doing lately) you will lose out on chance to lower you mortgage rate and payment.
There are home loan programs like the FHA home loan program that does not require income or an appraisal on your home, known as the FHA Streamline Refinance. This will save you time and paperwork to obtain as while as the cost of the appraisal and our underwriting fee are waived. This is an existing FHA to FHA loan.
VA also has an easy refinance program know as an IRRRL (Interest Rate Reduction Refinance Loan) that also does not require an abundance of paperwork. This is a VA loan to a VA loan.
USDA-RD welcomes a refinance on their books also without an appraisal inspection report on the subject property. This is a existing USDA to USDA program.
HARP program also offers a refinance that does not require an appraisal to lower your payment and interest here in California. This program offers a high loan to value without forcing you to have mortgage insurance. This is a Fannie Mae to Fannie Mae and Freddie Mac to Freddie Mac refinance.
All these refinance programs offer very little to no cost to move forward with a refinance. There is no harm to explore the option to refinance your existing home into a lower rate. Take the first step and contact me at 909-503-5600 and see what options you have.