Which bank offers the lowest interest rate for mortgage refinance in California?

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I need to refinance my second/investment home in Milpitas California and I’m looking for a mortgage broker or a bank that offers lowest interest rate based on 700 or more fico score. Preferably a loan program with minimum monthly payment is preferred.

I heard about the new loan programs that allow home owners to refinance their mortgage to a lower interest, but those who qualify need a decent credit, certain income, and their homes need more equity than what they borrow. But what about those who are really suffering and have none of those above?

4 Comments
  1. Reply
    saghieh
    January 25, 2011 at 3:51 am

    try washington mutual,indymac bank and homecomings ,they have the low rates now

  2. Reply
    brian-the-brain
    January 25, 2011 at 4:01 am

    find the best rate you can find and then add 1% (1 point is what is the standard to add when dealing with an investment home)

    A mortgage broker is supposed to find you the best rate from all the companies she works with. If you don’t have a good one shop around.

    Here is a website to find the average and best rates:
    http://www.bankrate.com/brm/default.asp

  3. Reply
    happeehome12
    January 25, 2011 at 4:56 am

    I hear Creative Mortgage is a good company to work with. Toll free number is 866-488-0929. They Say ask for Anthony in human recourse’s.?

  4. Reply
    Pengy
    January 25, 2011 at 5:46 am

    Unfortunately then you will join the ranks of those that have or are losing their homes. No credit, no income and no equity means pay for what you signed for. Sorry but not my fault you overextended yourself, buying way more than you could afford. Do not think my tax dollars should bail you out because of your foolish dreams, and not living in reality.

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