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Mortgage Refinancing Help
: Business
: Aerospace and Defense (2,016)
 Give yourself plenty of time to close. With most refinancings, your file is turned over to a closing or title company, which dictates the closing details. Like the lenders themselves, these firms are swamped when interest rates are low. Moreover, appraisers get backed up and can be difficult to schedule. So don't expect the closing to happen as quickly as anyone promises.
 See also:
 Moog, Inc. »
Manufacturer of precision control components and systems for aircraft, space and industrial applications. Includes product information and customer support.
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 Lockheed Martin »
Research, design, development, manufacture and integration of advanced technology systems, products and services. Specialties include aeronautics, electronic systems, and space systems.
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 Thales Group »
A major electronic systems company acting in areas such as defence, aerospace, airlines security and safety, information technology, and transportation services.
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 Boeing Company »
Products and services in the fields of commercial airlines, air traffic management, and integrated defense systems. Also solid-state electronics development for commercial, defense and space applications.
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 European Aeronautic Defence and Space Company (EADS N.V.) »
Military transport and fighter aircraft, defence electronics and security systems and space systems.
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 BAE Systems »
Development, delivery and support of advanced defence and aerospace systems, including manufacturing military aircraft, surface ships, submarines, fighting vehicles, radar, avionics, communications, electronics and guided weapon systems.
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 Be specific about the loan you want. The more precise you are, the easier it will be for a loan officer or mortgage broker to find the best rate. For example, do you want a 15-year or 30-year mortgage? Do you need a "jumbo" mortgage (more than $333,700)? Are you willing to pay points to reduce the interest rate? The answers to these questions will depend on several factors, including when you plan to sell the house and how soon you want to retire your debt. Only you know the answers, but the sooner you know them, the better.
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.
When evaluating different lender offers, in the mortgage loan pre-approval process, pay closest attention to the interest rates they are offering & the closing costs. These are the two biggest factors that will help you figure out which lender is right for you. If one of these two factors is too high, it could offset the benefit of refinancing for you.
Almost 30 million Americans qualify for a VA Loan. With a VA Loan, you can qualify for a VA Streamline Refinance. You may also be able to refinance your home with an FHA Streamline refinance.
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