Okay, so it’s not exactly as poetic or as exciting as I’m making it out to be, but a California Refinance conducted online does not make you a bad Californian. It makes you a smart consumer, and if it’s important for you to keep your business local, then there’s no need to shy away from your monitor. You can still do it all in your pajamas.

In next few moments, I’m going to cover some basics to ease your worries and calm your nerves about using internet to gain access to local money.

1.You are in Total Control. 2.Some Important Online Information 3.Keeping it Local! 4.Start Broad, And then Narrow Your Search.

1.You are in Total Control.

a)Chances are, you will be filling out a short 30 second form online in very near future, and in return, you will be receiving 3 to 4 immediate offers from brokers and lenders vying for your business.

b)But that doesn’t mean that you must receive offers from banks located at top of Space Needle or beneath catacombs of Grand Canyon.

c)The majority of loan search services available online provide you with option to request loan offers from several brokers specific to your area. You don’t need to reach far and wide to get a good deal.

d)This means that you can rest easy. When it’s time to complete online short-form application, just make sure query asks you if you’d like to narrow your search.

2.Some Important Online Information

a)Ask if your prospective mortgage broker and/or lender are licensed under CMLA, California Mortgage Lending Act of 1994. http://www.corp.ca.gov/pub/mb.htm

b)Check out their complaint history with Better Business Bureau online. http://www.bbb.org/

c) Ask if they are a member of CMBA, California Mortgage Bankers Association http://www.cmba.com/

d) Do you qualify for Affordable Housing? If so, make sure your lender can broker a loan that will meet your needs. Here is current Interest Rate Schedule: http://www.calhfa.ca.gov/homeownership/rates/index.htm