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Mortgage Refinancing Help
: Business: Financial Services: Banking Services: Banks and Institutions: Regional: North America: United States
: Kentucky (16)
 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:
 Cumberland Valley National Bank »
A full service community bank with five branch locations in Kentucky.
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 First and Peoples Bank and Trust Company »
Offers financial services to the Kentucky-Ohio-West Virginia tri-state area.
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 Citizens Guaranty Bank »
Provides personal and business banking in Irvine, Richmond and Winchester, Kentucky.
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 First Southern National Bank »
Home mortgages, commercial loans, checking and savings, internet banking online with locations throughout Kentucky.
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 First National Bank of Mayfield, Kentucky »
Includes online rates and location directory.
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 First Citizens Bank »
Offers financial services in Elizabethtown, Kentucky and to the surrounding community.
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 The First National Bank »
Offers banking services to Breathitt County and the surrounding areas.
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 Citizens Union Bank »
Provides personal and business banking in Shelbyville, Kentucky.
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 First Federal Bank »
Serving the Central Kentucky area since 1935.
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 First Capital Bank Of Kentucky »
Locally owned and operated bank serving the citizens of Louisville.
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 First National Bank of Grayson »
Offers a full line of banking products and services in Grayson, Kentucky.
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 Central Bank »
Community bank based in Lexington.
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 Republic Bank »
Commercial bank with banking centers in 7 Kentucky communities offering a full line of financial products: checking, savings, CDs, loans, mortgages, investment management and internet banking.
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 Peoples Bank of Fleming County »
Provides banking services and products in Flemingsburg, Kentucky.
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 Bank of Louisville »
Provides personal and business banking in Louisville and the state of Kentucky.
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 Home Federal Bank »
Local financial institution providing banking services to Middlesboro, New Tazewell, and Harlan, Kentucky.
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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.
Homeowners who want to refinance but can't because they owe more on their home than their home is worth (also known as "upside down") should focus their time and energy on making more money. Adding a part-time job or starting a side business will bring extra income into the household, income that can be used to make extra payments a mortgage.
Be Patient. Processing all of the paperwork that's required for a new loan takes time. Be patient while your loan moves through the system. Protect your credit score by paying your bills and making your mortgage payments on time and not taking on any more new debt than you absolutely have to.
There is a refinancing myth that says you should not refinance your mortgage unless your interest rate will be at least two points less. This myth is not necessarily true if there are other benefits to the refinance or other reasons behind it.
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