Released on = March 13, 2007, 9:03 am

Press Release Author = Camelot Marketing

Industry = Financial

Press Release Summary = With so many California home mortgage refinance loan
options, available choosing the right one depends on your financial goals

Press Release Body = There aren\'t quite as many California home mortgage refinance
loan programs as there are borrowers, but it seems like it sometimes!

To find the best home mortgage refinance program that fits your needs, there are
some general considerations you should have in mind.

Are you refinancing primarily to lower your rate and monthly payments? Then your
best option might be a low fixed-rate loan. Maybe you have a fixed-rate mortgage now
with a higher rate, or maybe you have an ARM -- adjustable rate mortgage -- where
the interest rate varies.

Even if it\'s low now, unlike your ARM, when you qualify for a fixed-rate mortgage
you lock that low rate in for the life of your refinance loan. This is especially a
good idea if you don\'t think you\'ll be moving within the next five years or so. On
the other hand, if you do see yourself moving within the next few years, an ARM with
a low initial rate might be the best way to lower your monthly payment.

Are you refinancing primarily to cash out some home equity? Maybe you want to pay
for home improvements, pay your child\'s college tuition bill, or even take your
dream vacation. Then you\'ll want to qualify for a California refinance loan for more
than the balance remaining on your current mortgage. If you\'ve had your current
mortgage for a number of years and/or have a home mortgage whose interest rate is
higher, you may be able to do this without increasing your monthly payment.

Do you need to cash out home equity to consolidate other debt? If you have the
equity in your home, make it work by paying off other debts with higher interest
such as credit cards, home equity loans, car loans, or some student loans and
possibly hundreds of dollars a month.

Build up home equity quicker and pay off your mortgage sooner by refinancing with a
shorter-term loan, such as a 15-year mortgage. Payments will be higher than a
longer-term home loan, but you will pay substantially less interest and will build
home equity. If you have had a 30-year mortgage for a number of years and the loan
balance is relatively low, you may be able to do this without increasing payment --
you may even be able to save!

For example, let\'s say years ago you took out a $150,000 30-year mortgage at eight
percent. Your payment is about $1,100, exclusive of taxes, insurance and so on. If
your balance today is down to $130,000, you might take out a 15-year home mortgage
loan at six percent and have an almost identical monthly payment. This is a great
option to pay off home sooner.

For more information on California home mortgage refinance loans call toll free 866
398 4664 or please go to: http://www.goldmedalmortgage.com





Web Site = http://www.goldmedalmortgage.com

Contact Details = Keith Hunt
8190 Orchard Street
Alta Loma , 91701
$$country

9099871233
camelot21@mindspring.com
http://www.goldmedalmortgage.com