Monterey CA Lowest Mortgage Rates

September 2017 Mortgage Rates Average

We shall cover some common questions that Monterey CA Mortgage borrowers often ask in the article:

Monterey CA mortgage borrowers looking for lowest mortgage rates in California will find the article helpful.

How to Refinance Your Mortgage

Most Monterey CA borrowers already know what their expenses are and what monthly savings would help them manage their finances well. Borrowers typically ask what best rate are can you offer me and what cost are involved. That is because being outside the system a borrower typically has only these two questions to gauge who is better helping them and who is not. It is true to some extent but its way beyond that.

What they do not know is what all mortgage products are available that can help them achieve the savings they are looking for.

As an example, Let’s say I have a mortgage borrower whose son is going to college and he wants to take some cash out to help his son through with college instead of going for student loan.

So if tell the borrower that I can give you $ 50k cash for your child and your new loan would be let’s say 300k at 6% with a closing of let’s say $ 4000 and your payment is likely to be so and so......

That is a job half done

 

As your Monterey CA financial Advisor. Relevant questions are. How many kids do you have and how old are they. Is your wife working or a house wife. If you need 50k cash and your current payment is #@$## with new 50k added how much would you be comfortable paying each month. With the job position you have do you see yourself staying in the house for next 30 years or you may move out. When was the last time you refinanced your mortgage. Etc etc.