California Home Improvement Loans

Thanks to the rising value of homes in California it's likely you have enough equity in your home to obtain cash for home improvements. Whether you're interested in building a room addition, remodel, new pool or just spending cash, we can secure a loan for you quickly. In most cases lenders do not require evidence of home improvements so you can really get cash out for any reason you like.

For borrowers with the appropriate credit usually an equity line of credit is a quick option for acquiring an affordable interest only monthly payment. This loan allows you to access cash as needed for a set amount of time before requiring repayment with a fully amortized principle and interest payment. The down side to this loan is that the interest rate is often adjustable and based on the prime rate plus a specified additional margin determined by your credit and income.

Another option to consider is a refinance with cash out. This option is good for many reasons. For starters you may end up with a lower monthly payment then you currently have! Second if you have a short term fixed loan (known as an ARM) or a negatively amortized loan (often called an Option ARM) it may be a perfect time to refinance for cash and secure a low fixed rate at the same time. If you currently have a prepayment penalty you can have this paid with part of the cash out proceeds of the loan.

It's possible to qualify for cash out refinance with most credit grades and income situations. If you can not prove your income we have low rate "stated income" loans or "no documentation" loans available.

Remember, iCaliforniaMortgage.com is not an information lead broker. We do not sell your information to other lenders. You will not receive multiple phone calls at your home from unfamiliar bank telemarketers or other call center staff. At iCaliforniaMortgage.com you will work with professional mortgage consultants who will handle your loan from start to finish in a timely manner. With over a hundred different mortgage programs and 20 different lenders to choose from count on iCaliforniaMortgage.com, the California market experts, for all your mortgage needs.

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