Looking for a free, no obligation refinance mortgage rate quote? Ocean Pacific Capital has been in the mortgage business since 1977. We have access to over 130 lenders competing for your business, so you'll have the peace of mind that our refinance mortgage rate is the lowest possible for your situation. Simply call us today toll free at 1-800-595-1474 for a free consultation with one of our friendly and experienced loan officers.
The first thing the borrower needs to consider when refinancing is, "Would getting a refinance loan be worth it?"
Refinancing can be worthwhile, but it does not make good financial sense for everyone. A general rule is that a refinance loan becomes worth your while if the current interest rate on your mortgage is at least two percentage points higher than your refinance mortgage rate you are rated.
This figure is generally accepted as the safe margin when balancing the costs of refinancing a mortgage against the savings.
There are other considerations, too, such as how long you plan to stay in the house. Most sources say that it takes at least three years to realize fully the savings from a lower interest rate, given the costs of the refinancing. (Depending on your loan amount and the particular circumstances, however, you might choose to refinance a loan that is only 1.5 percentage points higher then the current rate. You may even find you could recoup the refinancing costs in a shorter time).
Ocean Pacific Capital has been in business for over 31 years and has access to over 130 lenders. Whatever your credit score we can match you with a lender that has a program that best fits your unique situation. Visit our loan programs page for everything you need to know about refinance loans.
Rates are the lowest they've been in close to 30 years. Refinance now to get a lower rate or turn your adjustable into a fixed rate and get fast cash! Don't miss the opportunity to inquire now and save thousands!