First California Mortgage Co. - Steven Mancilla

California Mortgage Home Loan Expert Reveals The Truth About Mortgage Refinancing

San Diego, California based Mortgage Banker Steve Mancilla reveals mortgage refinancing secrets at a new web site that is full of free reports, a home buying guide and free mortgage calculators. The site is designed to give California residents all the facts about mortgage refinancing so they can make an educated decision when obtaining a mortgage.


San Diego, CA -- (ReleaseWire) -- 11/08/2010 -- It seems like everyone in California is jumping on the mortgage refinancing bandwagon. Maybe you're thinking about it yourself? After all, with rates as low as they are, the promise of lowering your monthly payments, sometimes significantly, is a great attraction for many homeowners.

But before you sign on the dotted line, there are a few things you should know about the way refinancing works so you don’t make a mistake that could wind up costing you big time.

"With refinancing as popular as it is right now, California residents have to be even more careful about shopping for the best loan," says Steve Mancilla, Certified Mortgage Planning Specialist & a San Diego, California based mortgage consultant. "Even the most attractive offer can wind up being a disaster once you realize how much the loan is really costing you."

Mancilla offers these tips when considering refinancing:

* You should get a TOTAL COST ANALYSIS in order to get the full picture & make sense of all of the elements associated with refinancing. Such as, what are the equity ramifications 3, 5, 10 years from now? Don't rush to refinance unless it's truly worth your while. If you're working with a true mortgage professional, they will have no problem providing this to you.

* Consolidating unsecured debt with a refinance loan can be a dangerous idea. You may not be in financial trouble now, but if in a few years things change, instead of simply missing a credit card payment or two, you'll now be in danger of losing your home as well.

* Your credit score counts... big time. If you've had credit problems in the past like a bankruptcy, it might make sense to wait a while for your credit score to recover before trying to refinance. Most lenders make it hard for people with less than perfect credit to get the best deals. But, again, if you choose to let an expert mortgage professional get involved in the process, they can often find loan options that most homeowners didn’t even know existed - which can save you thousands over the long haul.

San Diego, California - based mortgage expert Steve Mancilla specializes in providing mortgage information to California residents that allows them to make informed decisions about their mortgage financing options and learn the insider secrets that can save them thousands of dollars over the life of their loan.

Steve Mancilla is available for interviews and will welcome all your mortgage related questions.

Call (619) 955-6323 for a Free No-Obligation Consultation or visit