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Mortgage Refinancing Help: Connecticut

When refinancing, don't take the first offer that comes around. Instead you should actively compare both interest rates and lenders.

 

 
           
Mortgage Refinancing Help : Business: Financial Services: Banking Services: Credit Unions: Regional: United States : Connecticut (37)

 

 

 

Mortgage Refinancing TipAsk for more than just rates. Bad loan officers will tell you anything to keep you on the phone -- then change the details to suit them later. Instead, make them get real with you! Ask how long they've been in the industry. Probe them about their experience in the industry. Also, ask what their opinion is on the current market and where it's going.


Mortgage Refinancing Help: Connecticut ()

See also:


 
United ShorelineUnited Shoreline »
Member owned and operated, not-for-profit financial cooperative serving the employees United Illuminating. Located in New Haven.
 
Community Healthcare Credit Union, Inc.Community Healthcare Credit Union, Inc. »
Open to employees of Manchester Hospital, Rockville General Hospital and medical professionals and health care agencies; locations in Manchester and Rockville.
 
Greater Watertown Federal Credit UnionGreater Watertown Federal Credit Union »
Watertown. Membership is open if employed by or retired from any of the several employers listed on website.
 
ASA Federal Credit UnionASA Federal Credit Union »
Bloomfield. Serving the members and employees of the Automotive Service Association, Connecticut Towing and Recovery Professionals, and Jacobs Vehicle Systems.
 
American Eagle Federal Credit UnionAmerican Eagle Federal Credit Union »
East Hartford. Serving select employer groups in Connecticut.
 
Enfield Community Federal Credit UnionEnfield Community Federal Credit Union »
Enfield. Membership is open to select employee groups in the Enfield area.
 
McKesson Federal Credit UnionMcKesson Federal Credit Union »
Stratford. Membership is open to employees of specified employee groups on website.
 
Hartford Federal Credit UnionHartford Federal Credit Union »
Full service financial institution offering an array of financial products and services. Serving those who live, work, worship or attend school in Hartford County.
 
Hamilton Sundstrand Federal Credit UnionHamilton Sundstrand Federal Credit Union »
Membership banking for employees of Hamilton Sundstrand. Banking locations in Windsor Locks, Enfield and Farmington.
 
Nutmeg State Federal Credit UnionNutmeg State Federal Credit Union »
Serves employees of Southern New England Telephone, AT&T, Lucent Technologies, Stanley Works, Skinner and other select employee groups in the professional, legal, industrial, electrical and financial industries.Locations in Rocky Hill, Manchester, New Britain and Hartford.
 
Franklin Trust Federal Credit UnionFranklin Trust Federal Credit Union »
Membership is open to select groups. Locations in Hartford and West Hartford.
 
Hartford Healthcare Credit Union, Inc.Hartford Healthcare Credit Union, Inc. »
Hartford. Membership is open to all employees on the website's specified healthcare-related locations.
 
General Electric Employees Federal Credit UnionGeneral Electric Employees Federal Credit Union »
Milford. Serving employees of General Electric, US Surgical, Lockheed Martin and Bigelow Tea.
 
GHA Federal Credit UnionGHA Federal Credit Union »
Greenwich. Serving select employee groups and organizations.
 
Northeast Family Federal Credit UnionNortheast Family Federal Credit Union »
Open to select employer groups in the state. Locations in Manchester and North Windham.
 
Dutch Point Credit UnionDutch Point Credit Union »
Wethersfield. Serving employees of Northeast Utilities, Yankee Gas and select employee groups.
 
Northwest Hills Credit UnionNorthwest Hills Credit Union »
Torrington. Membership is open to select employer groups.
 
Tobacco Valley Teachers Federal Credit UnionTobacco Valley Teachers Federal Credit Union »
Enfield. Serving Tobacco Valley teachers.
 
United Business & Industry Federal Credit UnionUnited Business & Industry Federal Credit Union »
Plainville. Membership is open to all people who live, work or worship within the community of Hartford, CT, as well as employees and subsidiaries of General Electric in Plainville.
 
Northeast School Employees Federal Credit UnionNortheast School Employees Federal Credit Union »
Manchester. Membership is open to Northeast School employees.
 
Ledge Light Federal Credit UnionLedge Light Federal Credit Union »
Groton. Serving employees of Pfizer, Inc.
 
First Connecticut Credit Union, Inc.First Connecticut Credit Union, Inc. »
Wallingford. Services over 500 employee groups.
 
United Shoreline Federal Credit UnionUnited Shoreline Federal Credit Union »
Member-owned and operated, not-for-profit financial cooperative serving the towns of New Haven, East Haven, North Haven, North Branford, Branford, Guilford, Madison and Clinton.
 
Waterbury Telephone Federal Credit UnionWaterbury Telephone Federal Credit Union »
Membership is open to employees of Waterbury Telephone. Based in Waterbury, with branch in Meriden.
 
New Haven Postal Employees Federal Credit UnionNew Haven Postal Employees Federal Credit Union »
New Haven. Membership is open to New Haven postal employees.
 
Stamford Municipal Employees Federal Credit UnionStamford Municipal Employees Federal Credit Union »
Stamford. Serving Stamford city employees and select businesses near Stamford, CT.
 
Charter Oak Federal Credit UnionCharter Oak Federal Credit Union »
Serving those who live or work in Groton, Killingly, Brooklyn and Putnam.
 
Capitol Region Federal Credit UnionCapitol Region Federal Credit Union »
Bloomfield. Serving select employee groups throughout Connecticut.
 
First New England Federal Credit UnionFirst New England Federal Credit Union »
East Hartford. Serving select employee groups in New England.
 
Sikorsky Financial Credit UnionSikorsky Financial Credit Union »
Stratford. Open to those who live, work, worship or volunteer within Fairfield, New Haven and Hartford counties, as well as in the towns of New Milford and Bridgewater in Litchfield County.
 
Wepawaug-Flagg Federal Credit UnionWepawaug-Flagg Federal Credit Union »
Hamden. Membership is open to select employer groups.
 
Waterbury Connecticut Teachers Federal Credit UnionWaterbury Connecticut Teachers Federal Credit Union »
Serves public and parochial schools in 26 Connecticut towns.
 
Pitney Bowes Employees Federal Credit UnionPitney Bowes Employees Federal Credit Union »
Based in Stamford with branch offices in Shelton and Danbury, plus ATM locations in area towns.
 
CorePlus Federal Credit UnionCorePlus Federal Credit Union »
Colchester. Membership is open to teachers of Norwich-Pequot schools.
 
Waterbury Firefighters Federal Credit UnionWaterbury Firefighters Federal Credit Union »
Membership open to employees of most municipal department in Waterbury, employees of the Naugatuck Fire Department or volunteer fire departments in Woodbury, Wolcott, Sandy Hook and Roxbury.
 
First Bristol Federal Credit UnionFirst Bristol Federal Credit Union »
Information on services, products, home banking, savings and loan rates, and insurance services.

 


 
      


Mortgage Refinancing TipBe 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.
 

Mortgage Refinancing TipBe Realistic. Lenders have tightened up loan requirements, so you'll need a good credit score and at least some equity in your home to refinance. To figure out how much equity you have, subtract the total amount that you owe on all of your existing mortgages from how much you think your home is worth. If your credit is severely impaired or you owe more than the value of your home, you probably won't be able to refinance right now.
 

Mortgage Refinancing TipIt'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.
 

Mortgage Refinancing TipMortgage can last a lifetime and that extra 1% can add up to literally thousands of dollars over the years. I have friends that are in their 70s and still paying off their home loans. It'll pay off in the long run to make sure you find the best deal possible. Don't let poor credit stop you from refinancing your home.
 

   

   


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