Home Owners who owe up to 25% more than the value of their home will get help from Fannie Mae and Freddie Mac. The two government agencies have been authorized to help refinance homeowners who have been left out in the cold by the depreciating housing market. As a matter of fact across all counties in California home values sank 20.39% from 2008-2009. Many of these homes were financed with adjustable rate mortgages that will be adjusting some time between 2010 and 2012.

What this means for you

This big news will help Home Owners that are trying keep their heads above water! Imagine refinancing your high rate mortgage for a rate as low as 4.5% fixed for 30 years! A Refinance Lender can close in as little as 5 days if you chose the right lender, and you can skip up to two mortgage payments! A Refinance could be just what you need to lower your monthly payments and keep more of your money where it belongs – with you.

Who should consider a Mortgage Refinance?

You should consider refinancing your mortgage if you answer YES to any of the following questions:

• Do you need cash after refinancing your first or second mortgage?
• Do you want to pay your home equity balance to zero to keep your equity line free for the future?
• Do you want to pay off your first mortgage and reduce your monthly payments and get a lower interest rate?
• Do you have a 1st and 2nd mortgage that you want to consolidate in to one LOW Interest rate?
• Do you own your home free and clear, but need cash now?
• Do you want to consolidate your debt to pay off all your other loans (credit card, car payment, etc)?
• Do you want to reduce your mortgage term from 30 or 40 years to 15 or 20?
• Do you want to pay off your non-tax deductible debt by using a new mortgage with a low fixed, tax deductible interest rate?
• Do you want to get our of your adjustable rate mortgage and in to a LOW FIXED RATE?

If you answered yes to ANY of these questions you should STRONGLY consider refinancing your home! If you are working with the right Mortgage lender you can be approved in less than 24 hours and close in as little as 5 days! Your Local Lender can advise you on the mortgage programs available and will be familiar with home valuations specific to your city and county.

Why Work with a Local Lender for Refinancing?

Refinancing your mortgage is best accomplished by working with a local lender that understands the housing market where you live. Your local mortgage lender will be more familiar with factors not known to national lenders that can actually help increase the value of your home!

If you have enough equity in your home most Mortgage Refinance lenders will allow you to finance closing costs in to the balance of your loan resulting in no money out of pocket to you! There are many Mortgage Refinancing programs including some with no closing costs or cash back at closing.

Call 1-877-349-3330 (877-FIXED-30) Today or click here for a California Refinance Loan Quote