Tag - California refinance

Dealing With Rising Interest Rates

Since the beginning of the year we have seen rates slightly increase, however rates are still low when compared to the rates before the pandemic.

I highly recommend acting sooner than later if you are wanting to make a change related to your mortgage.

My team is watching the market daily and listening to reports from experts, to help you navigate the market and find the opportune time to move forward with your refinance or purchase.

If you have any questions about the market, purchasing or refinancing feel free to give me a call. I am here and happy to help!

“Conveniently Available Electronically to Accomplish the Refinance as Easily as Possible”

"They saved me money by giving me the best rate and closing costs I could find after looking at multiple places. His staff is terrific (Maria and others) in communicating and such. They also use technology very well in having all forms and applications made conveniently available electronically to accomplish the refinance as easily as possible. I also like the title company they used with us (Kristi at Novation Title)." -S. Pead

“They got me a loan where another company had said no; I call that a big deal”

"I found ALV Mortgage knowledgeable, pleasant and efficient. They got me a loan where another company had said no; I call that a big deal." -Robert H.

Refinance Ahead of Predicted Rate Increases

Interest rates have reached their highest level in six months. As the Fed have begun tapering their purchase of mortgage bonds, rates are likely to continue rising in the next few months

Basically, this means if you're still on the fence about refinancing, it's time to get moving!

Rates are still reasonably low— lower than they were before the pandemic, so refinancing remains a historically good deal.

Give us a call and let's review your situation to see if you could benefit from a refinancing before rates move more.


Refinance Fee Dropped

Recently the FHFA announced that it would be eliminating the adverse market refinance fee from Fannie Mae and Freddie Mac home loans delivered after August 1st. Originally this fee was designed to cover projected losses from the pandemic. With the fee borrowers were paying an extra $500 for every $100,000 they refinanced. However, the effectiveness of the market warranted "an early conclusion" of the fee. Now couple the fee being gone with the low rates we have been seeing this month and there has never been a better time to refinance. In fact more borrowers than ever can benefit from a mortgage refinance right now! If you have been considering refinancing, now is the time! Give us a call and let's see if you how much you could benefit.