Mortgage Interest Rates Are Low, Can You Refinance?

    Where can I get my home refinanced

    We receive many calls a day about refinancing and interest rates.  While we are not lenders, we would be doing our clients a huge disservice without knowing this information.  Being able identify “inflated” lenders fees and “artificially increased” interest rates is important to best protect our real estate clients.

    When it comes to our real estate clients, some just want to refinance.  They don’t want to sell their home. They are not interested in doing a Short Sale.  Nor, do they want to approach their bank in a attempt to modify their loan.  They only want to refinance their home from a 6.0% interest rate to a 3.75% interest rate – 30 Year Fixed. (latest call from a client that purchased a few years ago and the interest rate they had and what they got!)

    The problem comes in with the “value” of their property.  However, getting how much the “bank” would consider their property worth – would be more accurate.  The property owner may view their home as being “unreasonably” higher in value than the FMV – Fair Market Value.  With all of the, “we will tell you your home’s value” websites out there, – I cannot blame them.  If you are a homeowner and want to get the actual value of your real estate – short an appraisal that will cost you about $500.00, call us or email us and we will do the market analysis for nothing(free)!

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    Rates are low, very low, historically low, but can you refinance? This is a question that many homeowners are asking themselves, with many not even trying because while they are reading about the incredibly low rates they are also reading how hard it is to secure these rates. Homeowners have been extremely challenged in recent years and not many feel up to another challenge. However, if you could acquire a rate of 3.5% or lower, wouldn’t you want to?

    Imagine how much a homeowner could save over the lifetime of a loan if he had a loan of 3.5% compared with 5.5% or higher. 5.5% is a great rate, but let’s face it two whole percentage points makes a big difference in monthly payments and a HUGE savings over the time that you hold a loan.

    So, is refinancing your home a possibility and is approval for today’s low rates possible? Hopefully! A recent article from the Wall Street Journal, “Getting the Best Refinancing Deal” suggests that even if you can’t get the lowest rate possible you will get a low rate and it is worth the effort. Your best shot at refinancing success starts with cleaning up your credit and having all of your financial documentation in order.

    Paris and Connor MacIvor

    Connor and Paris MacIvor are in the Top 1% of Realtors Nationwide, starting their real estate business in 1998 with RE/MAX Gateway - Santa Clarita Valley and Valencia CA. Their becoming licensed real estate consultants and representatives came from the horrible experience they had when they bought their first home. There were many things that the agent they had hired did not explain and disclose, which per law he should have. Getting that agent on the phone after they closed escrow and after he had gotten paid was impossible. Paris and Connor called the broker, the board of realtors, the office manager and all they received was the promise of a phone call back. The remedy did come, but not as fast and in the way they wanted. That act - that bad agent was the reason why Paris and Connor became Realtors. That was all they needed to vow to never let the same fate befall anyone else, that befell them. Today Connor and Paris are focused on client service. Protection and top-shelf service with regard to their real estate clientele. They primarily work within the Santa Clarita Valley and Valencia CA. However, for a referral, where 80+ of their business is referrals they have License and Will Travel to other parts of Ventura County, Los Angeles County, and Orange County to handle real estate transactions for those who trust their real estate operation. Writing on their Real Estate Blog is a passion. is where you will find over 10,000 real estate articles. Go to to listen to their latest real estate radio broadcast.
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