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Mortgage Refinancing Help: Oklahoma
“Ask for the reissue rate on your title work. If you've taken a mortgage within the past two years, or are using the same lender, you might be granted this option, which can save you as much as 70 percent on your title work. An editor at this magazine didn't know about this potential savings when he refinanced his mortgage; fortunately his lawyer did. The savings more than covered the attorney's fees. However, if it's been several years since you took out a home loan, or if you're using a new lender, you'll likely have to pay for a new title.
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Mortgage Refinancing Help
: Business: Financial Services: Banking Services: Banks and Institutions: Regional: North America: United States
: Oklahoma (13)
 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.
 See also:
 First National Bank and Trust »
A community bank serving Oklahoma's Grady County area.
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 Southwest Bancorp, Inc. »
Performs commercial banking operations, mortgage banking, credit card services, investment banking services, trust services and other related financial activities. (Nasdaq: OKSB).
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 First National Bank of Coweta »
Offers personal and business banking services. Bank's profile, contact details and links to community Web sites.
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 American Bank and Trust, Tulsa »
A locally owned community bank offering a full range of commercial, consumer, and trust services.
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 Bank of The Lakes, N.A. »
Provides banking services in the Greater Tulsa areas.
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 F and M Bank NA »
Community bank serving Piedmont and Surry Hills, Oklahoma.
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 Security National Bank of Enid »
Provides banking services for both personal and commercial customers.
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 BOK Financial Corporation »
Performs commercial banking operations, mortgage banking services, investment banking services, investment advisory services, trust services, leasing and other related financial activities. (Nasdaq: BOKF).
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 Citizens Bank of Oklahoma »
A local, full service bank providing financial services to the Pawhuska and Tulsa communities.
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 First Bank of Owasso »
Provides personal and commercial banking services including internet banking.
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 BancFirst »
Provides personal and commercial banking services including internet banking with locations throughout Oklahoma. Information on services, accounts, and contact numbers.
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 First National Bank of Davis »
Community bank serving Davis and surrounding communities of Murray County.
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 First National Bank & Trust »
Provides financial services in Elk City, Oklanhoma.
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 Carefully review the estimated closing costs. If you decide to lock in the rate, the lender will send you a "good faith estimate" of your closing costs within three days. Go over the numbers carefully, and compare them to the ones that appear on the final settlement statement (the HUD-1) from your previous mortgage.
Ask for the reissue rate on your title work. If you've taken a mortgage within the past two years, or are using the same lender, you might be granted this option, which can save you as much as 70 percent on your title work. An editor at this magazine didn't know about this potential savings when he refinanced his mortgage; fortunately his lawyer did. The savings more than covered the attorney's fees. However, if it's been several years since you took out a home loan, or if you're using a new lender, you'll likely have to pay for a new title.
If you are making payments on a long term loan, say, 30 year mortgage for the past 10 to 20 years, then refinancing to another 30 year loan will not be a good option as it may increase your overall payment.
Be Proactive. Your loan representative should keep in contact with you even if there isn't any action on your loan. But do your part to keep the lines of communication open as well. If you don't hear from your loan representative for a few days, pick up the phone and ask for an update. The old adage that the squeaky wheel gets the grease definitely applies in this situation.
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