Hi Peter. I am seeing rates with my lenders right about 3.875% with 0 points. 3.75% would probably cost you .75 point. If you want more information, please call me directly (408) 249-1919. Rich

Hi Peter:Assuming your home's LTV is 65%, I should be able to lower your interest rate to the high 3s or low 4s for a 30-year fixed rate loan without any points, and, very low; or no, fees depending upon what the balance is on your loan. If it is 65% of the $325,000, or about $211,000, that means your monthly P&I payment at 3.875% could drop to, roughly $992, which I'm quite certain is significantly less than what you are now paying. Depending upon how many years you have left on your loan, you might want to consider a 20-year or 15-year loan to get an even lower interest rate. Of course, you will have to qualify for the loan, but based upon the info you gave that shouldn't be an issue. Give me a call 16/7 at 626-796-7712 or 626-644-2020, and I'll be happy to walk you through the process. Also, click on my picture and you will be redirected to our web site where you can learn more about me and our mortgage brokerage. We work exclusively in CA doing all of our clients' loans here, and know how to get them done fast, at low interest rates, and low costs. Representing 39 quality lenders that offer more than 1,000 loan programs, we definitely have something for everybody.

30 Year Fixed = 3.750% with zero points15 year Fixed = 3.250% with zero points5/1 ARM = 2.625% with zero pointsThese are once in a lifetime rates and it looks like you will benefit greatly from capitalizing. We are rated A+ with the Better Business Bureau and licensed and in good standing with the Department of Real Estate. If you would like to work with a credible source with some of the best rates around, please call me (Christian Stewart) at 800-299-0270 ext. 101.

Rich Iachovetta has a good straight forward answer and I know him personally. You can search all over the internet and find somebody advertising lower rates and play that game but what you really want it to have someone on your side sheparding you through the process. Best answer, call Rich at (408) 249-1919

Peter, you are in need of a refinance into a lower fix rate for 15 or 30 years. The rates are extremely low today, buying points down may service a benefit, will have to see what your return will be on the cost to buy it down. Please call me at 909-503-5600 to explore both 15 and 30 year options.

Peter: Although I do not originate loans under $417,000, on my website you can see what information is needed to receive an accurate quote in Chapter Two: Risk-Based Pricing. www.umboc.comWith today's low rates I would not suggest buying down the rate. If you have extra money, I suggest you apply for a "cash-in" refinance to lower your balance and reduce your amortized interest over the loan term.Happy funding.Happy Holidays, Rudi