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Montara Refinance Information - Deciding to Refinance

Traditionally, the decision on whether or not to refinance your Montara home has meant balancing the savings of a lower monthly payment against the costs of refinancing. But in recent years, companies have introduced "no cost" and low-cost refinancing packages that minimize or completely eliminate the out-of-pocket expenses of refinancing in Montara. (These refinancing packages compensate with a higher interest rate, or by including some of the costs in the amount that is financed.) With traditional refinancing, the most often cited rule-of-thumb is that the interest rate for your new mortgage must be about 2 percentage points below the rate of your current mortgage for refinancing to make sense. However, with the newer low- and no-cost refinancing programs, it can be worth your while to refinance to obtain a smaller reduction in interest rates. How long you expect to stay in your Montara home is also a factor to consider. If you'll be moving in just a few years, the month-to-month savings may never add up to the costs that are involved in refinancing your Montara home.

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Additional Montara Refinance Information


santa clara county

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milpitas morgan hill palo alto san martin mountain view
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san mateo county

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colma hillsborough foster city el granada east palo alto
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montara moss beach pacifica pescadoro portola valley
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woodside redwood city south san francisco

santa cruz county

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monterey county

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san benito county

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san francisco county

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alameda county

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contra costa county

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California Mortgage | Montara 650.377.0222 | License # 01344525
777 Mariners Island Blvd. Suite 125, San Mateo, CA 94404
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Additional Montara Information:
Montara is a quaint beach community on the Pacific Ocean, just north of Half Moon Bay on the scenic highway 1. There’s a mountain range between Montara and the craziness of the Bay Area suburban sprawl. If you think you can’t afford a house near the beach, think again! We have all sorts of creative loan programs that will get you into the house you want. In Montara, there are all types of lots from which to pick: large and small, waterfront, hilltop and in between. You’ll never be bored in Montara, with all of the fun activities that you can do there. Take a stroll on the beach, go swimming or surfing, hike, bike or walk on the miles of trails in the surrounding area. The city’s commercial center is a place where residents congregate to eat, shop, people-watch and converse. There are tasty ethnic restaurants and charming neighborhood bars. Montara is also a great place to raise a family: the schools are top-notch and the streets are virtually crime-free. Not too many people know about Montara but the residents like it that way. Although they always welcome visitors and new inhabitants, they like to keep their little paradise a secret so it won’t spoil.