Refinancing Your Mortgage

There are many reasons someone would choose to refinance their mortgage. See below for more information.

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Refinancing Your Mortgage

There are many reasons a homeowner chooses to refinance their mortgage. These can include lowering your mortgage interest rate, changing the term length, consolidating debt, home remodeling, paying for education, discontinue MI/PMI, buying a vacation home, new boat, motorhome, new vehicle, dream vacation, investment opportunities, or simply cashing out equity.

Watson Capital Mortgage specializes in the following mortgage products within California:

1). Conforming Loans
2). High Cost Conforming Loans
3). Jumbo Loans
4). First Time Homebuyer Loans (97% LTV)
5). Non-QM Loans
6). Bridge Loans

Changing Term Length:

Shortening term length can take years off of your mortgage. Overall, this will decrease the amount you will pay in interest and give you a better rate.

Lengthening or resetting your term can reduce monthly payments depending on how much of your original loan amount has been paid down. This can allow you more flexibility with your monthly finances.

Estimate Difference In Payment

Consolidating Debt:

Often times borrowers choose to consolidate high interest debt into their mortgage. This can potentially save you thousands in interest and improves your monthly cash flow. By consolidating the debt, you no longer have to worry about having to pay multiple bills.

Caution: This works great as a plan to reduce high interest debt but, be careful not to increase your credit cards debts once they have been paid off.

Apply for Refinance

Remove Private Mortgage Insurance or Mortgage Insurance:

If you purchased your home and had less than 20% equity you may be paying Mortgage Insurance (MI). Once your value increases or you have paid down your mortgage where you have 20% equity in your home you may want to refinance with us to remove this MI. This can save you as much as $200-$400 a month in some cases.

See How Much I Can Save?

Cashing out Equity:

Most homeowners choose to do a “cash-out” refinance to allow for growth. College or home improvements are two of the biggest reasons you may choose this option. Remodeling your home can typically lead to increased value of your home, while paying for a loved one’s college can give them a great start in their life.

Apply for Refinance

2022 Conforming Loan Limits in California:

Here are the 2022 Conforming limits for all 58 counties in California. “One-Unit” refers to a property with one structure (ie a Single Family Residence – SFR, condo, townhouse, PUD.), “Two-Unit” is a Duplex, etc. Higher loan limits allows more people to qualify for the best available mortgage rates. The Federal Housing Finance Agency (FHFA) updates their conforming loan limits every year.

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Mortgage Calculator

County	One-Unit	Two-Unit	Three-Unit	Four-Unit
ALAMEDA	$970,800	$1,243,050	$1,502,475	$1,867,275
ALPINE	$647,200	$828,700	$1,001,650	$1,244,850
AMADOR	$647,200	$828,700	$1,001,650	$1,244,850
BUTTE	$647,200	$828,700	$1,001,650	$1,244,850
CALAVERAS	$647,200	$828,700	$1,001,650	$1,244,850
COLUSA	$647,200	$828,700	$1,001,650	$1,244,850
CONTRA COSTA	$970,800	$1,243,050	$1,502,475	$1,867,275
DEL NORTE	$647,200	$828,700	$1,001,650	$1,244,850
EL DORADO	$675,050	$864,200	$1,044,600	$1,298,200
FRESNO	$647,200	$828,700	$1,001,650	$1,244,850
GLENN	$647,200	$828,700	$1,001,650	$1,244,850
HUMBOLDT	$647,200	$828,700	$1,001,650	$1,244,850
IMPERIAL	$647,200	$828,700	$1,001,650	$1,244,850
INYO	$647,200	$828,700	$1,001,650	$1,244,850
KERN	$647,200	$828,700	$1,001,650	$1,244,850
KINGS	$647,200	$828,700	$1,001,650	$1,244,850
LAKE	$647,200	$828,700	$1,001,650	$1,244,850
LASSEN	$647,200	$828,700	$1,001,650	$1,244,850
LOS ANGELES	$970,800	$1,243,050	$1,502,475	$1,867,275
MADERA	$647,200	$828,700	$1,001,650	$1,244,850
MARIN	$970,800	$1,243,050	$1,502,475	$1,867,275
MARIPOSA	$647,200	$828,700	$1,001,650	$1,244,850
MENDOCINO	$647,200	$828,700	$1,001,650	$1,244,850
MERCED	$647,200	$828,700	$1,001,650	$1,244,850
MODOC	$647,200	$828,700	$1,001,650	$1,244,850
MONO	$647,200	$828,700	$1,001,650	$1,244,850
MONTEREY	$854,450	$1,093,850	$1,322,200	$1,643,200
NAPA	$897,000	$1,148,350	$1,388,050	$1,725,050
NEVADA	$647,200	$828,700	$1,001,650	$1,244,850
ORANGE	$970,800	$1,243,050	$1,502,475	$1,867,275
PLACER	$675,050	$864,200	$1,044,600	$1,298,200
PLUMAS	$647,200	$828,700	$1,001,650	$1,244,850
RIVERSIDE	$647,200	$828,700	$1,001,650	$1,244,850
SACRAMENTO	$675,050	$864,200	$1,044,600	$1,298,200
SAN BENITO	$970,800	$1,243,050	$1,502,475	$1,867,275
SAN BERNARDINO	$647,200	$828,700	$1,001,650	$1,244,850
SAN DIEGO	$879,750	$1,126,250	$1,361,350	$1,691,850
SAN FRANCISCO	$970,800	$1,243,050	$1,502,475	$1,867,275
SAN JOAQUIN	$647,200	$828,700	$1,001,650	$1,244,850
SAN LUIS OBISPO	$805,000	$1,030,550	$1,245,700	$1,548,100
SAN MATEO	$970,800	$1,243,050	$1,502,475	$1,867,275
SANTA BARBARA	$783,150	$1,002,600	$1,211,900	$1,506,100
SANTA CLARA	$970,800	$1,243,050	$1,502,475	$1,867,275
SANTA CRUZ	$970,800	$1,243,050	$1,502,475	$1,867,275
SHASTA	$647,200	$828,700	$1,001,650	$1,244,850
SIERRA	$647,200	$828,700	$1,001,650	$1,244,850
SISKIYOU	$647,200	$828,700	$1,001,650	$1,244,850
SOLANO	$647,200	$828,700	$1,001,650	$1,244,850
SONOMA	$764,750	$979,000	$1,183,400	$1,470,700
STANISLAUS	$647,200	$828,700	$1,001,650	$1,244,850
SUTTER	$647,200	$828,700	$1,001,650	$1,244,850
TEHAMA	$647,200	$828,700	$1,001,650	$1,244,850
TRINITY	$647,200	$828,700	$1,001,650	$1,244,850
TULARE	$647,200	$828,700	$1,001,650	$1,244,850
TUOLUMNE	$647,200	$828,700	$1,001,650	$1,244,850
VENTURA	$851,000	$1,089,450	$1,316,900	$1,636,550
YOLO	$675,050	$864,200	$1,044,600	$1,298,200
YUBA	$647,200	$828,700	$1,001,650	$1,244,850

WATSON CAPITAL MORTGAGE INC.
2950 Buskirk Ave Suite #300
Walnut Creek, Ca 94597
Office: (866) 434-1550
E-Fax: (888) 984-3511
Email: Bradwatson@wcmrates.com
Digital Business Card
CA DRE Broker Lic #01785845
Company NMLS #2061728
CA Corporate License #4638041