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Mortgage Refinancing Help

Mortgage Refinancing Help: New York

For both new buyers and refinancers, it's important to understand what a no-cost mortgage loan or a no-cost refinance loan really means. "No cost" does not mean that closing costs (also known as settlement costs) have been erased. It means that the closing costs will be factored into the interest rate associated with the loan. Of course, this also means that, all other things being equal, the interest rate associated with a no-cost mortgage will always be higher than one where the borrower pays the closing costs up front.

 

 
           
Mortgage Refinancing Help : Business: Financial Services: Banking Services: Credit Unions: Regional: United States : New York (78)

 

 

 

Mortgage Refinancing TipWhen evaluating different lender offers, in the mortgage loan pre-approval process, pay closest attention to the interest rates they are offering & the closing costs. These are the two biggest factors that will help you figure out which lender is right for you. If one of these two factors is too high, it could offset the benefit of refinancing for you.


Mortgage Refinancing Help: New York ()

See also:


 
Sidney Federal Credit UnionSidney Federal Credit Union »
Sidney. Serving its members in the Tri-County Area.
 
Financial Assurance Federal Credit UnionFinancial Assurance Federal Credit Union »
New York City. Serves select employee groups.
 
FAA Eastern Region FCUFAA Eastern Region FCU »
Westbury. Serves a wide array of employee groups throughout the northeastern United States.
 
Municipal Credit UnionMunicipal Credit Union »
New York City. Serving Municipal, Government, Education, Health Care workers and other select groups
 
Winthrop-University Hospital EFCUWinthrop-University Hospital EFCU »
Mineola. Serving employees of Winthrop-University Hospital.
 
Teachers Federal Credit UnionTeachers Federal Credit Union »
Farmingville. Serving Long Island, NY with 10 branch locations.
 
Polish & Slavic Federal Credit UnionPolish & Slavic Federal Credit Union »
Manhattan. Serves the needs of people of Polish and Slavic origin.
 
Columbia-Barnard Federal Credit UnionColumbia-Barnard Federal Credit Union »
New York City. Serving students, faculty, staff, and alumni of Columbia University and affiliated institutions.
 
Fulton County Teachers Federal Credit UnionFulton County Teachers Federal Credit Union »
Fulton County, NY. Serving 50 different employee groups plus members of their immediate families.
 
Corning Credit UnionCorning Credit Union »
Corning. Serving employees of Corning Inc., Covance, Inc. or Quest Diagnostics, Inc.
 
Syracuse Police FCUSyracuse Police FCU »
Syracuse. Serving employees of the Syracuse Police Department.
 
Entertainment Industries FCUEntertainment Industries FCU »
New York City. Serving employer groups and organizations throughout New York.
 
Hudson Heritage Federal Credit UnionHudson Heritage Federal Credit Union »
Newburgh. Serving select employee groups and organizations.
 
Genesee Co-Op Federal Credit UnionGenesee Co-Op Federal Credit Union »
Community development credit union serving individuals in the Rochester area with special emphasis on the southeast and southwest portions of the city.
 
British Airways Employees Federal Credit UnionBritish Airways Employees Federal Credit Union »
Jackson Heights. Membership is open to employees of British Airways.
 
Nassau Educators Federal Credit UnionNassau Educators Federal Credit Union »
Valley Stream. Serves over 68,000 members.
 
State Employees Federal Credit UnionState Employees Federal Credit Union »
Albany. Serves select employee groups and organizations in New York.
 
Island Federal Credit UnionIsland Federal Credit Union »
Hauppauge. Serving employees of Long Island Lighting Company and members of the International Brotherhood of Electrical Workers .
 
New York University Federal Credit UnionNew York University Federal Credit Union »
New York City. Serving employees, faculty, staff and students of New York University.
 
School Systems Credit UnionSchool Systems Credit Union »
Troy. Serving select school districts, colleges and organizations.
 
Bethex Federal Credit UnionBethex Federal Credit Union »
Bronx. Serving moderate to low income members from 2 locations in the Bronx.
 
Long Island State Employees FCULong Island State Employees FCU »
Hauppauge. Serving select employee groups.
 
First New York Federal Credit UnionFirst New York Federal Credit Union »
Albany. Serving those who live, work, worship or attend school in Albany, Schenectady, Saratoga, Rensselaer or Schoharie county.
 
Countryside Federal Credit UnionCountryside Federal Credit Union »
Syracuse. Serves select employer groups and organizations.
 
Bethpage Federal Credit UnionBethpage Federal Credit Union »
Bethpage. Serves select employee groups.
 
Nassau County Federal Credit UnionNassau County Federal Credit Union »
Garden City. Open to select employee groups and organizations.
 
Family First Credit UnionFamily First Credit Union »
Rochester. Serving the Rochester NY community.
 
PeoplePeople's Alliance Federal Credit Union »
Hauppauge. Serves select employee groups in Hauppauge.
 
Alternatives Federal Credit UnionAlternatives Federal Credit Union »
Ithaca. Serving those underserved by other financial institutions, especially low income, minorities, women, and non-profits.
 
Ulster Federal Credit UnionUlster Federal Credit Union »
Kingston. Serving employees of Ulster County and other select organizations.
 
GPO Credit UnionGPO Credit Union »
Utica. Open to select employee groups and their families in Utica.
 
Advantage Federal Credit UnionAdvantage Federal Credit Union »
Rochester. Open to select employee and community groups.
 
Horizons Federal Credit UnionHorizons Federal Credit Union »
Open to any person who lives, works, worships, or attends school in Broome County.
 
Canandaigua School District FCUCanandaigua School District FCU »
Canandaigua. Serving residents of the Canandaigua School District.
 
Quorum FCUQuorum FCU »
New York City. Serving employees of Kraft Foods and Philip Morris Companies, Inc. and their subsidiaries.
 
IBM Metro Employees FCUIBM Metro Employees FCU »
Long Island City. Serving IBM employees in the metro area.
 
Tonawanda Valley Federal Credit UnionTonawanda Valley Federal Credit Union »
Batavia. Serving those who live, work, worship or attend school within Genesee County or are employed with selected area employers.
 
Community Resource Federal Credit UnionCommunity Resource Federal Credit Union »
Lantham. A community credit union serving those who live, work, worship or attend school in Albany County.
 
Eastern New York FederalEastern New York Federal »
New York City. Serving employees and family members of select employee groups in eastern NY.
 
Tompkins Employees FCUTompkins Employees FCU »
Ithaca. Serving employees of Tompkins and other select employee groups.
 
St. Pius X Church Federal Credit UnionSt. Pius X Church Federal Credit Union »
Rochester. Chartered to help each other financially, as the church helps those spiritually.
 
Finger Lakes Health Care FCUFinger Lakes Health Care FCU »
Elmira. Serves heath care organizations in the Elmira area.
 
Pittsford Federal Credit UnionPittsford Federal Credit Union »
Mendon. Serves select employee groups in Pittsford, Mendon and Honeoye Falls.
 
Syracuse Fire Department Employees Federal Credit UnionSyracuse Fire Department Employees Federal Credit Union »
Syracuse. Serving employees/retirees of the Syracuse Fire Department and their family members, and additional select employee groups.
 
McGraw-Hill Employees Federal Credit UnionMcGraw-Hill Employees Federal Credit Union »
Manhattan. Serving the employees and their families of McGraw-Hill Companies, Inc., and its wholly owned subsidiaries and divisions in the U.S.
 
FocalPoint Federal Credit UnionFocalPoint Federal Credit Union »
Central New York. Serving Central New York labor unions, schools and organizations.
 
ESL Federal Credit UnionESL Federal Credit Union »
Serves employees of Eastman Kodak Company and its subsidiaries, and people who live or work in Rochester.
 
Summit Federal Credit UnionSummit Federal Credit Union »
Rochester. Serving employees or retirees of participating member companies.
 
Palisades Federal Credit UnionPalisades Federal Credit Union »
Rockland County. Membership is open to employees and retirees of American Home Products and other employee groups.
 
Hudson Valley Federal Credit UnionHudson Valley Federal Credit Union »
Hudson Valley. Serving employees of hundreds of Hudson Valley companies and their family members.
 
Putnam Federal Credit UnionPutnam Federal Credit Union »
Carmel. Membership is open to select employer groups in the field of education.
 
Rochester & Monroe County Employees Federal Credit UnionRochester & Monroe County Employees Federal Credit Union »
Rochester. Open to employees of the city of Rochester and Monroe County, and their families.
 
Montauk Credit UnionMontauk Credit Union »
Brooklyn. MCU has an "open charter" which enables them to extend membership to anyone.
 
United Nations Federal Credit UnionUnited Nations Federal Credit Union »
New York City. Serving employees of the United Nations.
 
Visions Federal Credit UnionVisions Federal Credit Union »
Endicott. Serving select employee groups and organizations.
 
Empower Federal Credit UnionEmpower Federal Credit Union »
Syracuse. Serves select employee groups in Syracuse and those who live, work, worship or attend school in one of Empower's neighbor areas.
 
Westar Federal Credit UnionWestar Federal Credit Union »
Camillus. Serving employees of West Genesee Central Schools and other select organizations.
 
Adirondack Regional Federal Credit UnionAdirondack Regional Federal Credit Union »
Tupper Lake. Serving select employee groups in Lawrence and Franklin counties.
 
GHS Federal Credit UnionGHS Federal Credit Union »
Binghamton. Serves select employee groups in south central New York.
 
Telco Federal Credit UnionTelco Federal Credit Union »
Elmira. Serving employees of Telco companies and many other businesses and organizations.
 
First Heritage Federal Credit UnionFirst Heritage Federal Credit Union »
Addison. Serving employees of Ingersoll-Rand and other select employee groups.
 
Oswego County Federal Credit UnionOswego County Federal Credit Union »
Oswego County. Serves those employed by local governments, small businesses and nursing homes.
 
Empire State Credit UnionEmpire State Credit Union »
Spring Valley. Open to select employee groups and organizations.
 
First Source FCUFirst Source FCU »
Utica. Serving employees, students and their families of educational districts and institutions in the greater Utica area.
 
Suffolk Federal Credit UnionSuffolk Federal Credit Union »
Medford. Serving County of Suffolk employees and other municipal employees in Suffolk County.
 
Mid-Hudson Valley FCUMid-Hudson Valley FCU »
Kingston. Serves select employee groups and organizations.
 
Self Reliance New York Credit UnionSelf Reliance New York Credit Union »
New York, NY. Serves the Ukrainian American community.
 
O & R Utilities Employees FCUO & R Utilities Employees FCU »
Spring Valley. Serves select employee groups and organizations.
 
SJP Federal Credit UnionSJP Federal Credit Union »
Buffalo. Serving members of St. Joseph's University Parish Buffalo, Blessed Sacrament Parish Tonawanda, The Knights of Columbus No. 3076, St. Amelia Tonawanda, Buffalo Sports & Wellness Assoc., St. Joseph's Collegiate Institute and select local businesses.
 
XCEL Federal Credit UnionXCEL Federal Credit Union »
New York City. Serving the Port Authority of NY and NJ employees and other select groups.
 
Education Affiliates Federal Credit UnionEducation Affiliates Federal Credit Union »
New York City. Serves the instructional and managerial staff of the City University of New York.
 
Melrose Credit UnionMelrose Credit Union »
Bronx. Serves residents in the state of New York.
 
Sperry Associates Federal Credit UnionSperry Associates Federal Credit Union »
New York City. Serving select employee groups and organizations.
 
Rochester Ukrainian Federal Credit UnionRochester Ukrainian Federal Credit Union »
Rochester. Serves many Ukrainian associations in the Rockester area.
 
Finger Lakes Federal Credit UnionFinger Lakes Federal Credit Union »
Geneva. Serves select employee groups and organizations.
 
North East Alliance Federal Credit UnionNorth East Alliance Federal Credit Union »
Provides financial services to members in Nanuet, NY and New Haven, CT.

 


 
      


Mortgage Refinancing TipBe Inquisitive. It's your responsibility to make sure that you understand the terms of your loan. Ask questions and listen carefully to the answers. Don't sign your loan documents until you are satisfied with the information and confident that you have made the right decision.
 

Mortgage Refinancing TipLenders like pristine credit reports. If you have a bunch of open credit card accounts that you never use (and who doesn't?), consider closing them. It will boost your credit score and make you a much more attractive borrower to a lender. Then, a month after you've closed your accounts, go over your credit report with a fine-tooth comb. It should read that the accounts were closed at your request. (You don't want lenders to think someone cut you off and that you're a bad credit risk.)
 

Mortgage Refinancing TipIf your property value reduces and you refinance up to 80% of the reappraised value, your original mortgage amount may be higher than this amount. Thus, the new loan will not be sufficient enough to help you pay down the existing one.
 

Mortgage Refinancing TipKnow your credit score before you begin looking for a loan. If you can, try to remove any blemishes from your credit report before applying for a refinance.
 

   

   


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