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Mortgage Refinancing Help: Louisiana
“Changing the term of your mortgage can help in several ways. First, if you were to refinance your current mortgage from 30 years to 15 years, you will accelerate the rate at which you pay towards principle each month meaning your house will be paid off quicker. Also, you will save an unbelievable amount of money in terms of interest because you would likely be taking 10 to 15 years off the life of your loan. Second, you can also refinance a 15 year mortgage to a 30 year mortgage. It seems like it might not make sense to do this, but if you have an immediate need to free up monthly cash-flow and you don't want to take out a home equity loan, this can work out to your benefit. When you take a 15 year loan and refinance it to 30 years you will have the same balance only the payments can be hundreds of dollars less than the 15 year loan. The only draw back to this is you will pay more in interest over the live of the loan.
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Mortgage Refinancing Help
: Business: Accounting: Firms: Accountants: North America: United States
: Louisiana (12)
 Don't rely on published rates. "No one's going to advertise their worst product," says Keith T. Gumbinger of HSH Associates, a Butler, NJ, firm that tracks mortgage rates. "They advertise the best possible rate, which probably gets offered to only the top 10 percent of applicants."
 See also:
 The Schafer Group, Ltd., Certified Public Accountants »
Tax, financial, and estate planning, accounting, business consulting, audits, college and retirement planning, bookkeeping, computer consulting, investments.
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 Anthony B. Baglio, C.P.A. »
CPA offering payroll, bookkeeping, tax preparation, and financial planning located in Hammond.
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 Perry & Company CPAs, APC »
Tax, financial and estate planning, accounting, business consulting, audits, college and retirement planning, bookkeeping, computer consulting, and investments.
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 Michael F. Sapera, CPA »
Mandeville practitioner and Certified Information Technology Professional provides accounting, bookkeeping and consulting services.
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 Thibodaux Hebert Deshotels LeBlanc, CPAs »
Accounting firm located in Lafeyette providing accounting, tax, auditing, management advisory and technology consulting to small to medium sized businesses. Also provides tax and financial planning services to individuals.
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 Hummingbird and King »
Certified public accounting firm, specializes in tax and small business services.
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 Magnolia Consulting »
Accountancy services in Madisonville.
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 Latuso & Johnson CPAs LLC »
Offers tax planning, payroll services, bookkeeping services, consulting, and audits for individuals and business. Several offices in Louisiana.
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 Allday Consulting Group »
Certified Public Accountants, Business, Tax and Financial Consultants serving businesses throughout south Louisiana. Offices in New Orleans, Baton Rouge, Lafayette, Covington and Houma.
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 Quirk and Associates »
A certified public accounting firm which offers traditional accounting and technology management services.
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 Matthew C. Person »
CPA offering business consulting, bookkeeping, software installation and training, tax and financial planning, and tax filings. Located in Metairie, Louisiana.
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 Frank J. Parrino »
Baton Rouge, Louisiana, CPA firm providing individual, business, estate and trust income tax return preparation, small business accounting services, eldercare and personal financial planning.
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 If your new mortgage rate seems too good to be true then it probably is. Check for hidden fees in your mortgage that will make up that suspicious difference.
Start with your current lender. If you're a good customer-you hold a sizable mortgage, pay on time, and maintain good credit-your existing lender will probably do everything in its power to keep your business. The company may cut you a break on fees for things like appraisals, surveys, and inspections if the information is current and you meet other requirements.
Many companies in this industry will do what ever they can to get away with charging you as much as they possibly can. Some of the ways they do this is not disclosing all the third party fees involved in a loan such as title insurance, appraisals, pre-paid tax and insurance escrows etc. It is important that you ask the loan officer you're speaking with about third party fees. If you don't they may not tell you and give you a good faith estimate that sounds fair, but at closing you'll find out that you have to pay a couple of thousand dollars more in fees you were unaware of. A good loan officer at a reputable company should have no problem disclosing all fees that pertain to your loan and should also make sure you understand what the fees are for.
Be Prepared. You'll probably be asked for more information and documentation after you submit your application, but before your loan is approved be prepared to document your income and assets. Answer any questions and fax documentation to your loan representative as soon as possible.
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