Conventional Mortgage Refinancing

Many homeowners choose to refinance their home loan into a conventional mortgage and remove mortgage insurance from their monthly payments as soon as they have enough equity to do so. These loans must conform to standards set by Fannie Mae and Freddie Mac.

Technically there are no conventional streamline refinance programs available. Both Rate Term refinancing and Cash Out refinancing are available with conventional loans. As these are conventional loans, you can refinance in Redding, CA for secondary as well as primary properties.

There are other options such as VA refinance and a USDA Streamline. Give us a call at (530) 999-9000. We are happy to answer all of your questions about conventional refinance in Redding, CA.

Rate Term Refinancing

The conventional rate and term refinance simply entails lowering the interest rate of a loan, or changing the term of the loan. Borrowers typically use this program when interest rates fall below the interest rates of the current mortgage.

Interest rates are currently rock-bottom right now, so if you are paying high interest rates on a low, then it may be time to refinance!

Check Out The Video to See if Refinancing is Right for You.

Cash-out refinance

This entails pulling equity out of your home for cash. There are a number of reasons a home owner might do this: It’s good to have the option.

If you are wondering if it is the right time to refinance into a conventional mortgage, consider calling our office. The Megastar Financial experts on conventional refinance in Redding, CA will help you determine the type of refinancing that best suits your current home loan. Call our office at (530) 999-9000 to get started.

Check Out the Video Below to Learn More About Cash-Out Refinancing.

Megastar Financial Redding 920 Hilltop Drive, Suite B Redding, CA 96002 (530) 999-9000
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