Knowing when to refinance is just as important as finding a low rate.  At CalCon Mutual Mortgage, we believe refinancing makes sense when you can:

• Lighten your monthly mortgage payment through a lower rate.

• Keep your current payment from rising.  For example, if your adjustable rate mortgage (ARM) is about to increase to a higher interest rate, then refinancing into a fixed-rate loan could stabilize your monthly payment.

Or you want to:

• Borrow from your home’s equity.  This option allows you to borrow for special needs like home additions, a vehicle purchase, or even higher education.

• Consolidate debt.  By streamlining your higher interest debt--like credit cards--you can have fewer monthly payments to manage.  Additionally, your mortgage loan can also be tax deductible.