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Mortgage Refinancing Help
: Business: Financial Services: Banking Services: Banks and Institutions: Regional: North America: United States
: Arkansas (15)
 These days most people request a Good Faith Estimate (GFE), but have no clue what to look for on the GFE. Make sure you request a GFE that has ALL fees estimated and disclosed. This includes: origination points, processing, lender, appraisal, title, escrow... ALL FEES... especially the Yield Spread Premium or YSP.
 See also:
 Citizens Bank and Trust »
A community bank headquartered in Van Buren, Arkansas.
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 Farmers Bank and Trust »
Provides banking services to residents in Blytheville and Mississippi County.
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 First Arkansas Bank and Trust »
Banking services information for checking, savings, and loans. Branch location and contact information.
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 Little River Bank »
Community bank offers banking services in Lepanto, Arkansas.
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 First Federal Bank of Arkansas »
A federally chartered bank with branches in Harrison and surrounding counties.
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 FNB Blythville Bank »
Home owned bank offers consumer and business banking in Blytheville, Arkansas.
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 Simmons First National Bank »
Provides personal and business banking products from branches throughout Arkansas.
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 Metropolitan National Bank »
Provides business, personal and online banking services in 25 central Arkansas locations.
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 Bank of Eureka Springs »
A full service bank in Eureka Springs, Arkansas with discount brokerage services.
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 First National Bank and Trust Co. »
Provides personal and business banking services in Mountain Home, Arkansas.
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 First National Bank »
Provides banking and investment services for Phillips County, Arkansas.
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 The First National Bank »
A community bank headquartered in Wynne, Arkansas.
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 ARVEST Bank Group »
Owns and operates nine community banks located in Arkansas, Oklahoma, and Missouri.
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 First National Bank »
Provides banking services and products in northwest Arkansas.
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 Southern Bancorp »
Online banking available, and directory of products and services for customers. Locations and contact numbers provided.
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 If you do not plan on staying in the house very long, refinancing may not be in your best interests.
Fees are a hidden cost of many mortgage loans. By law, lenders must disclose fees within three days of a loan application. Fees can go by many names like - document prep fees, courier fees, administrative fees, and more.
Short-term mortgages offer lower interest rates than long-term mortgages. You save money by the lower interest rates and shorter payment period. The trade off is a larger monthly payment, but this option can save you thousands.
It's better to follow the 2% Rule which suggests that you can enjoy the benefits of a home refinance if your mortgage refinance rate is 2% lower than that on your current loan. The interest savings will help you recoup the costs you've paid for the new loan provided you stay in the property for a certain period of time (break-even period). However, there are no-cost as well as low-cost refinance loans wherein the costs are included into the loan. But you can expect comparatively higher rates on such loans. Moreover, these loans are limited when the market is in a credit crunch.
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