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California Mortgage & Home Loan Rates Online

First you will need to decide what type of loan then which rate plan (see below).

Refinance Loan
You've owned your home and have built up equity on your home. But now your not sure if you should refinance.

Home Equity Loan -
Borrowing against the equity in your home, this can be a low cost way to get cash for other bills, renovating or child's education.

Second Mortgage Loan
Home equity lines may be one useful source of credit. They can provide you with large amount of cash at low interest rates.

Home Improvement Loan
Use the equity in your home to: add on the extra room, renovate your kitchen, or add that pool for the kids.

Debt Consolidation Loan
Home equity lines may be one useful source of credit. They can provide you with large amount of cash at low interest rates. And they provide you with certain tax advantages unavailable for other types of loans.

Adjustable rate mortgages (ARM) offer lower initial interest rates than fixed-rate mortgages. But after an initial period, those rates are adjusted to follow the market. Monthly payments on this type of loan can go up or down as the market conditions change. There are ceilings, or "rate caps", on the amount the interest rate can rise or fall to protect you in times of extreme rate fluctuation.

You might consider an adjustable-rate mortgage if you:

  • Need lower initial payments.
  • Have a small income but expect to earn more in the future.
  • Plan to live in your home for only a short time.

6-Month ARM
A 6-month ARM offers an initial interest rate for the first 6 months, and can be adjusted every 6 months thereafter based on the applicable index.

3/6-Month ARM
A 3/6-month ARM's initial rate is effective for 3 years, and can be adjusted every 6 months thereafter based on the applicable index.

1, 5, and 7 Year ARM
These mortgages maintain an initial interest rate for 1, 5, or 7 years, and can be adjusted every year thereafter based on the market conditions.

With a fixed-rate mortgage, your monthly payments remain the same throughout the life of the loan.

You might consider a fixed-rate mortgage if you:

  • Prefer a regular monthly payment.
  • Are on a limited or fixed income.
  • Want the security of knowing that your payments will remain the same even if interest rates rise.

Fixed-rate mortgages - there are several different types to choose from. They include:

30-Year Fixed-Rate Mortgages
Of all fixed-rate mortgages, the 30-year option offers the lowest monthly payments. That's because the loan matures over a longer period of time. If you think interest rates are likely to rise over the long term, this is a good option. Also, the low payments could help you qualify for a more expensive home.

15-Year Fixed-Rate Mortgage
With a 15-year option, you own your home in half the time by paying more each month. In return for higher monthly payments, you acquire equity faster and end up paying substantially less interest over the life of the loan.

Affordable Programs
For first time buyers there are several affordable mortgage programs with down payments as low as 3%, and flexible qualifying guidelines. Fill out our on-line loan form for more information!