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Client Testimonial:

I'm just taking a moment to pass along my gratitude and appreciation to you for both loans you processed and closed for me since my family relocated to Southern California in late August 2002. It's hard to be believe we would be refinancing in April 2003, after consummating our original home purchase loan only seven months prior.

Thank you for keeping me aware of the opportunity for lower level interest rates that were below the level of our original loan.

Along with these experiences, I wanted to point out some of the benefits that I realized. In both cases, the loan interest rates were locked immediately when I requested at rates that were most advantageous to me. I was delighted that both loans were zero costs to me. The entire process in both cases was pleasantly most efficient, as the original loan closed in less than thirty days, and the refinance loan closed at right about thirty days. I also appreciated your diligent follow-up and written post card updates on the status of the loans whilethey were being processed.

Thanks for all of your professional assistance, as well as the courteous and prompt attention from both you and Jennifer throughout these loan projects. This experience truly exceeded my expectations, and I look forward to our doing business again in the future. Based upon my experience, I would recommend Loan Options Network to anyone seeking either a new home loan or refinance home loan.

Sincerely,

Bob Sherwood
San Clemente, CA

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Loan Options Network

Refinance for Savings

If you're amazed by low interest rates and dream of reducing your monthly mortgage payments, if you foresee a major expense like college tuition or a new car, or if you simply want to pay off credit card debts with a better interest rate that may also be tax deductible, you might just get what you wish for.

Some of the primary reasons for refinancing are to lower monthly payments, pay off an auto or personal loan, build equity faster, convert an adjustable rate mortgage (ARM) into a fixed-rate mortgage, or change other loan terms.

If you can refinance today with a "no-cost" loan at a lower interest rate -- meaning you pay no points or closing costs, and the interest rate is actually lower than your current rate -- run, don't walk to our office or APPLY NOW.

As a next step, ask yourself these three questions, and see why they're so important:

How long do you plan to stay in your home?
The most important question you can ask when considering refinancing is: Will you be in your home long enough to reap the benefits despite its costs? If you plan to be in your home two years or less, you should consider a zero cost loan. If you know you'll be in your current house for three years or more, refinancing could make for substantial savings.

What will a refinance cost you in points, transaction fees, and other closing costs?
Ask us for an amortization chart showing you the real expense of pre-paying interest points and for a modified Annual Percentage Rate (APR) spreadsheet combining these costs over the years you estimate keeping your home. If you're considering a no-points loan, start saving today!!!

How long have you held your current mortgage?
If you're on the "back end" of a fixed-rate loan -- meaning you've already taken advantage of most of your tax-deductible interest -- taking out a new loan could be beneficial, since you can deduct the interest and prorated points year by year. **

Finally, even if refinancing isn't a good choice today, we will be willing to suggest loan options to adapt to your current home needs.

** Ask your tax advisor

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