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California refinance
Refinancing of any kind is obtaining a new mortgage loan on a property already owned for the purpose of paying off the existing mortgage.
California refinance is a good idea given the popularity of the California market.
The extent to which one can benefit from it is largely dependent upon the equity the owner has in the home.
Those who are at least three years into their mortgages and whose credits have seen significant improvements have good chances of benefiting from it.
It’ wouldn’t be an exaggeration to suggest that California property is worth whatever the owner wants for it, but one should check his/hers home equity prior to plunging into California refinance.
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