California Mortgage – Homeowners in the state of California may have a difficult time refinancing homes purchased in the last 2-3 years with ARM (adjustable rate) mortgages. In recent months property values in parts of the state of California have declined severely. The decline in property values is one of many reasons for the mortgage refinance troubles in California.

If you purchased or refinance a home in California within the last 2-3 years, you should contact a mortgage professional to evaluate your current mortgage. With the volatility in today’s market, this may be the best time to move from an adjustable rate mortgage to a more stable fixed rate mortgage.