Entertainment Magazine: California: San Diego

San Diego Refinance and Finance

Reasons for Refinancing or Tapping Home Equity in San Diego

By Allison Beatty

San Diego’s housing market has seen record appreciation during the past 10 to 15 years. As such, there are many homeowners sitting on sizable nest eggs that can be tapped for a variety of uses. Here’s a look at why a home equity loan – or a refinancing – can make sense for your situation.

Home equity loans offer a convenient way for homeowners to access cash at a reasonable interest rate.

Because these loans are a second mortgage on a San Diego home, the rates are favorable. Homeowners who want to finance a new kitchen or roof, for example, can take out a home equity loan quickly and easily without having to tap into long-term investments or savings.

The interest paid on home equity financing also can be tax deductible. (See your financial advisor for details).

Refinancing your San Diego home is another popular way to access equity or save money. Homeowners who have an older mortgage with an interest rate that is higher than current rates, can benefit by refinancing.

Through a mortgage refinancing, homeowners can quickly recoup any refinancing costs in the form of savings on their monthly mortgage payment. When calculated over several years – or as long as the homeowners plan to stay in the house – the savings can be sizable.

Before deciding which route to take, homeowners should weigh all the options. They also should check interest rates carefully to determine if this is the right time to refinance or pull out equity from their San Diego home.

There are many advantages to mortgage refinancing and home equity loans. Homeowners should assess their individual goals, consider the financial details and shop around for the best deal.



San Diego Time Shares | San Diego Real Estate

San Diego Entertainment Magazine

© 2006-2012. EMOL.org / Entertainment Magazine On Line. All rights reserved.

San Diego Entertainment Magazine

Discount San Diego Dining Coupons

$25 Restaurant.com coupons discounted

No limit! Use the exclusive promotional code "EMOL" at checkout.

Restaurant.com Weekly Promo Offer 300 x 250

San Diego Travel Deals
APPROVED AFFILIATES

With year round sunshine and plenty of fun things to see and do -- be careful when you decide to come to San Diego -- you may never want to leave!

Travelocity:
California Deals

Priceline:hotels

Airfare, Hotels, Rental Cars, Vacation Packages

Cheap, Discount Airfares and Vacation Packages

Save $4.95 on grocery home delivery from Vons.com San Diego

Online grocery shopping and home delivery is perfect for busy families, individuals short on time or anyone that wants a quick and easy way to do the weekly grocery shopping. We make it easy to get quality groceries, fresh produce, meat and seafood delivered to San Diego homes and businesses. Customers will find the same quality products, in-store prices and VonsClub Card savings online since their order is handpicked from their local Vons store.

All first-time customers get a promotion code good for free delivery on their first order (minimum order size $50).

San Diego Entertainment Book

Dine. Shop. Travel. Save.Entertainment Book couponsThe new San Diego Entertainment Book is available! This year's coupon book has hundreds of discounted 2-for-1 dining coupons, amusement and travel for over 150 cities. Each month, there is a discount offer when you buy the San Diego Entertainment coupon book online. See this month's sale.