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Mortgage Refinancing Help: Virginia
“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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Mortgage Refinancing Help
: Business: Financial Services: Banking Services: Banks and Institutions: Regional: North America: United States
: Virginia (16)
 If you have a mortgage, you should keep an eye on rates-especially if you have an adjustable rate mortgage. Getting locked in at a lower, fixed rate can save you hundreds, possibly even thousands, of dollars over the life of your loan.
 See also:
 National Bank »
Community bank offers savings, checking, and lending services in Montgomery and Giles, Virginia.
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 Union Bankshares Corporation »
Multi-bank holding company serving the western, central and Rappahannock regions of Virginia.
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 Banks Staunton »
Full service financial institution serves Staunton, Waynesboro, Virginia Beach, and Stuarts Draft, Virginia.
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 Burke and Herbert Bank and Trust »
Community bank offers personal and commercial banking services to Northern Virginia.
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 Bank of Clarke County »
Full-service community bank offering individual and businesses services from seven branches in Winchester, Berryville, Boyce, and Stephens City, Virginia.
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 The Bank of Charlotte County »
A full-service, independent, community bank located in Charlotte County, Virginia.
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 Towne Bank »
Full service banking. From online banking and bill payment to commercial and personal loans.
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 Farmers and Merchants Bank »
A community bank serving the Shenandoah Valley with seven branches, a network of ATM's, and offers financial services including banking, investments, and insurance products.
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 United Bank »
Full service bank offering banking and lending services from branches throughout Virginia.
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 Bank of Southside Virginia »
Provides checking, savings, and lending services to southern Virginia.
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 Shore Bank »
Community bank serves the eastern shore region of Virginia and Maryland.
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 Lee Bank and Trust Company »
Community bank provides financial services through offices in Pennington Gap, Dryden, and Jonesville.
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 Miners and Merchants Bank »
Community bank operates eight branch locations throughout Virginia.
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 BOE Financial Services of Virginia Inc. »
Performs commercial banking operations and other related financial activities. (Nasdaq: BSXT).
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 First Virginia Bank »
Operates banking companies in Virginia, Maryland and East Tennessee.
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 Community Bankers Bank »
Servicing financial institutions in Virginia and surrounding states.
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 Ask the company carrying your current title insurance policy what it would cost to reissue the policy for a new loan. This may reduce your cost.
Be Ready. After your loan is approved, you'll need to sign your loan documents and provide a check for any out-of-pocket closing costs. Make sure the funds are available in your account, and be ready to make room in your schedule to read and sign your loan documents as soon as possible.
If your new mortgage rate seems too good to be true then it probably is. Check for hidden fees in your mortgage that will make up that suspicious difference.
Stick with a simple loan. It is easier to understand and less likely to get you into trouble. Adjustable-rate mortgages may seem like a way to get a bigger house now or to keep more money now, but when the rates adjust you can get into trouble. Avoid anything with a balloon payment. Just choose a simple 30-year mortgage you can easily afford.
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