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Mortgage Refinancing Help: Mississippi
“Pull your credit report from the bureaus and review it for any negative items (late pays, collections etc) and inaccurate detail. Try to dispute negative items and remove them from the report. If required pay off any unpaid debt. Otherwise, you won't get a low rate and may not even qualify. Of course there are lenders in the subprime market who may offer you a bad credit refinance loan, but it's better to avoid them as they'll possible charge higher rates and fees.
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Mortgage Refinancing Help
: Business: Accounting: Firms: Accountants: North America: United States
: Mississippi (4)
 If you are refinancing from one ARM to another, check the initial rate and the fully-indexed rate. Also ask about the rate adjustments you might face over the term of the loan.
 See also:
 J.E. Fortenberry, III »
A full service Mississippi CPA firm offering tax preparation, audit, retirement planning, as well as charitable remainder unitrusts. Located in Brandon.
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 Silas M. Simmons & Co, CPA's »
Natchez Certified Public Accounting and consulting firm. Includes company profile, partner biographies, service descriptions, financial calculators, and service-bureau-supplied newsletter and financial tips.
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 Moore & Powell, CPAs »
Biloxi full-service Certified Public Accounting firm. Includes service descriptions, financial tools, and service-bureau-supplied newsletter.
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 Thames & Associates, CPAS »
Firm providing accounting and consulting services, primarily to the healthcare industry, with a strong emphasis in long-term care. The firm is headquartered in Magee.
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 Many financial advisers caution against cash-out refinancing to pay down unsecured debt (such as credit cards) or short-term secured debt (such as car loans). You may want to talk with a trusted financial adviser before you choose cash-out refinancing as a debt-consolidation plan.
Be Ready. After your loan is approved, you'll need to sign your loan documents and provide a check for any out-of-pocket closing costs. Make sure the funds are available in your account, and be ready to make room in your schedule to read and sign your loan documents as soon as possible.
Refinancing may not be that useful if you have already used up 90% or more of your home value in taking out a mortgage or any home equity loan. You won't be able to get the best rates available in the market as when you refinance a 90% LTV loan, you will probably require a loan of that value or higher. This will be quite closer to being a 100% financing option and hence mortgage refinance rates will be comparatively higher. Moreover, 100% loans are hardly available in times of mortgage market crisis.
Use a mortgage broker. A mortgage broker will show you mortgage products from different banks and mortgage providers. Pick a mortgage broker carefully. If the broker works directly for a company that offers financial products, make sure he shows you clearly why one of these products is better. Mortgage brokers also get a commission on their sales. Find out what the broker's services include and if he charges any fees. Many brokers do not charge fees beyond their commission. Also check the broker's credentials.
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