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Pay off a HERO loan by refinancing for free

Are you stuck with a HERO loan with a "Villian's" high interest rate?

Looking to lower your monthly mortgage payment by removing your HERO loan payment from your property taxes?

Is your home located in California?

If so, you came to the right place!

We’ve assisted many homeowners throughout California refinance their mortgages and pay off their HERO loans.

We are confident you won’t find a more competitive rate with lower costs anywhere else.  We are so confident in fact, that we charge no upfront fees for application or credit reports and in most cases we will also pay for the appraisal upfront.  Only if your refinance closes will we be reimbursed for the appraisal and credit report fees we paid for upfront.

We only work with the most competitively priced lenders and we work on much lower profit margins than most brokers and almost all banks and credit unions - which means your rates and costs will be lower than anywhere else.

Check out our reviews on Yelp!  You will be hard pressed to find a more well-reviewed mortgage broker and we look forward to providing you with the same 5-star service.  We are licensed to work with homeowners throughout California.

We are closing most refinances in 15-30 days.  The quicker you can send us the items we need the quicker we can close.

Ready to get started?

Great!  Please complete a refinance rate quote request by clicking the Green “Home Refinance Rates” button below and please indicate that you would like to pay off a HERO loan with this refinance.

We look forward to helping you pay off that HERO loan ASAP!

Should I use a Mortgage Broker or a Bank?

It may seem counterintuitive to work through a mortgage broker. Whatever happened to “cutting out the middleman” and walking into a bank directly? How can you possibly benefit from using a mortgage broker?

1) Banks discount their rates to us. This is because banks with wholesale lending are motivated to use mortgage brokers to advertise for them, process for them, and generally cut down on their overhead. For example, whereas a typical bank (let’s call it ‘ABC Financial’) may charge you a 1 point loan fee on a 5% loan, they offer us 5% (or better) at par or no points. While we can often beat the bank’s offer to the public directly, even if we can’t, our roughly 1 point loan fee means we are always competitive.

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Is refinancing worth it?

Have you been seeing and hearing ads to refinance your mortgage? Wondering if a no-cost refinance is too good to be true? Well, as Mike explained, a no-cost refinance is certainly possible and if you can refinance your mortgage to a lower rate at no costs - refinancing always makes sense.

“But, I only have 27 years left on my original 30 year fixed mortgage, why would I start over?!”

This is a common misconception about refinancing. The reality is - you can simply pay the same amount you were paying before refinancing and you will pay off your new mortgage in less time than is remaining on your current mortgage.

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Is a free refinance possible? Yes!

There is no word in the English Language that carries more emotional baggage than "Free."  

We are introduced to Free at a very young age.  We get a Free Toy in our Happy Meal.  A Free lollipop at the doctor’s office.  A Free surprise in a cracker Jack Box.  WE LOVE FREE!

Unfortunately as we age our love affair with Free begins to fade.  We are filled with advice from society.  "There is no such thing as a Free Lunch!."  The few "Free" items we continue to receive are either Promotional... Or worthless... Or quite often a combination of both.  Please enjoy this free paperweight with our Prominent Company Logo!  Sweet.

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The home purchase process

Step 1 - Get preapproved for a mortgage and determine what payment you are comfortable with.

Most experienced Real Estate Agents will require or at least strongly urge perspective homebuyers to be preapproved for a mortgage before seeing a home or putting in an offer. No reason to have a buyer get excited about a home they don’t ultimately qualify for or can’t reasonably afford. Even if you happen to see a home you love- A Selling Agent is extremely unlikely to present your offer to the seller without a preapproval letter in hand. Listing agents don’t want to be in a position where they accept your offer, have the listing go into escrow, only to have escrow canceled when the buyer cannot obtain financing.

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