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Mortgage Refinancing Help
: Business: Automotive
: Snowmobiles (24)
 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."
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 Bombardier Inc. »
Manufacturer of Ski-Doo snowmobiles line, gear and accessories. Dealer locator, technology, and news. Canada.
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 AD Boivin »
Manufacturer of the Snow Hawk mono-ski snowmobile and aftermarket suspension for most Polaris, Yamaha, SkiDoo, and Arctic Cat models.
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 Alpina Snowmobiles »
Manufacture of dual-track utility snowmobiles and work attachments. Italy.
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 Yellowstone Track Systems, Inc. »
Manufacture snowmobile and snowcat grooming equipment and front renovators. Includes product description, photos, and prices. Located in West Yellowstone, Montana.
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 Arctic Cat Inc. »
Designs, engineers, manufactures and markets snowmobiles, all-terrain vehicles and personal watercraft, as well as related parts, garments and accessories. (Nasdaq: ACAT)
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 Crazy Mountain Motorsports »
Manufacturer of snowmobiles, aftermarket products, accessories and apparel. USA.
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 Cold Wave Snow Wear »
Manufacturer of apparel such as jackets, pants, boots and gloves. USA.
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 Snow Groomers »
Snow grooming equipment and implements for cross country skiing, snowshoe trails, and sled dog trails. USA.
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 Lenders like pristine credit reports. If you have a bunch of open credit card accounts that you never use (and who doesn't?), consider closing them. It will boost your credit score and make you a much more attractive borrower to a lender. Then, a month after you've closed your accounts, go over your credit report with a fine-tooth comb. It should read that the accounts were closed at your request. (You don't want lenders to think someone cut you off and that you're a bad credit risk.)
Resist "no cost" refinancing. No cost doesn't mean free. On the contrary: The closing costs are usually bundled into the new mortgage, which means you pay interest on them. The fees associated with a 30-year mortgage could cost you more than double what they would have had you simply written a check for them at closing. Or, if the costs aren't bundled in, you'll be charged a slightly higher interest rate. Either way, the lender wins.
Refinacing your mortgage can allow you to take cash out of the equity which you have built in your home. You can pay off your higher interest debts and pay all of your debts at a lower interest rate. This will allow you to save money on a monthly basis and achieve your financial security.
If you know that you will be moving in 3 to 5 years, you might want to consider refinancing to a 3 or 5 year ARM (adjustable rate mortgage). These loans typically have a much lower rate that a traditional fixed rate loan such as a 30 year fixed, but they do have a fixed rate for the first 3 or 5 years of the loan. This will enable you to benefit from the lower rate, but you won't ever have to worry about the risk of a rate adjustment because you will be selling the home before the fixed-rate period ends.
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