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Mortgage Refinancing Help
: Business: Financial Services: Cash Flow
: Real Estate Notes (27)
 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.
 See also:
 First Brevard Corp. »
Purchases seller held mortgages nationwide.
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 Investors Financial Corp »
Purchaser of seller financed real estate notes.
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 Big Sky Financial Network »
Buys real estate contracts, deeds of trust, contracts for deeds and mortgage notes.
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 Cascade Funding, Inc. »
Purchaser of mortgages, business notes and other cash flow contracts.
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 Hudson Mortgage Bankers »
Purchases real estate notes and trust deeds.
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 Star Commercial Mortgage »
Wholesale buyer of residential and commercial real estate notes, trust deeds and contracts.
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 Genesis Financial, Inc. »
A diversified financial services company which purchases seller-financed real estate mortgages, deeds of trust, and contracts. Also works with non-conforming commercial loans.
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 PCF Investment Group, Inc. »
Nationwide buyer of real estate related notes and mortgages.
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 Lead Originators »
Provides mortgage leads to lenders and brokers.
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 Panther Investments, Inc. »
Invests in many types of real estate notes, structured settlements, seller carryback financing, and other future incomes.
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 Freedom Financial »
Buys seller financed notes secured by residential, commercial and land only properties.
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 Reliant Financial, Inc. »
Direct buyer of residential and commercial real estate and cash flow notes. Located in Texas; purchases notes nationwide.
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 Mortgage-Leads.com »
Sells prequalified mortgage leads.
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 Note Buyer Direct Connect »
Database for sellers to find buyers for mortgages and other cash flows.
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 Riverside Bank »
Arkansas bank specializes in mortgage lending, and buys private seller-financed mortgage loans nationwide.
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 C & A Financial Programs, Inc. »
A note buyer and licensed mortgage lender. Specializes in real estate notes, but also buys structured settlements.
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 RAM Funding Service Corporation »
Buys seller-held mortgages, trust deeds, and land contracts throughout the USA. A licensed brokerage in Florida.
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 National Notebuyers »
Massachusetts firm purchases mortgages and trust deeds nationwide.
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 Colonial Blue Financial Services »
Purchases real estate, commercial, or business notes.
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 The Boston Note Company »
Purchases mortgage notes nationwide.
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 OwnerNoteSales.com »
Buyers of privately held real estate promissory notes, business notes, annuities, land contracts, structured settlements, lottery winnings, and other cash flows. Services USA and Canada.
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 Weststar Loan Servicing Corporation »
Provider of seller financing, loan servicing, rental collection, and loan servicing software. Also buys real estate notes and loan portfolios.
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 Northeastern Capital Resources, Inc. »
Nationwide buyer of privately held carryback mortgages.
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 NoteWorld »
Buys private mortgage notes. Articles and a forum for questions and discussion.
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 American Capital Resources »
Pays money for notes, mortgages, and other cash flows.
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 Empire Capital »
Nationwide buyer of mortgages, deeds of trust and land contracts.
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 When you do a cash-out refinance you are leveraging the equity in your home in order to receive a lump sum of cash at closing. Many individuals and families use this type of loan if they want to remodel their home, or they have kids that are attending college soon. Veterans and other military personnel can now take advantage of a 100% cashout refinance thanks to the Veterans Benefits Improvement Act of 2008.
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.
Use a mortgage broker. A mortgage broker will show you mortgage products from different banks and mortgage providers. Pick a mortgage broker carefully. If the broker works directly for a company that offers financial products, make sure he shows you clearly why one of these products is better. Mortgage brokers also get a commission on their sales. Find out what the broker's services include and if he charges any fees. Many brokers do not charge fees beyond their commission. Also check the broker's credentials.
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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