Mortgage Refinansing Help

Mortgage Refinancing Help: Viatical and Senior Settlements

“Give yourself plenty of time to close. With most refinancings, your file is turned over to a closing or title company, which dictates the closing details. Like the lenders themselves, these firms are swamped when interest rates are low. Moreover, appraisers get backed up and can be difficult to schedule. So don't expect the closing to happen as quickly as anyone promises. ”

Mortgage Refinancing Help : Business: Financial Services: Cash Flow : Viatical and Senior Settlements (20)

If there is a big difference between the initial interest rate and the APR listed in the ad, it may mean that there are high fees associated with the loan.

Consumer Information@ (6)

Mortgage Refinancing Help: Viatical and Senior Settlements ()

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Business: Financial Services: Insurance: Agents and Marketers: Life (25)

Maple Life Financial »
Offers life settlement services aimed at senior citizens.

Page and Associates - The Lifeline Program »
The Lifeline Program - Licensed viatical provider offers viatical settlements for the terminally ill and senior settlements for the elderly. Domiciled in Florida.

Milestone Managers & Providers »
A life settlement provider. Offers detailed information on the life settlement process.

Amrita Financial »
A life settlement broker featuring an automated transaction platform. Additional features include instant response appraisals and a life settlement index which measures buyer demand.

Settlement Benefits Association (SBA) »
Florida life settlements broker provides free life insurance policy appraisals throughout the USA.

Ardan Group, Ltd »
Purchasers of viatical and life settlements nationwide. Domiciled in New Jersey.

Legacy Benefits Corporation »
Purchaser of life insurance policies for either viatical or life settlements. Domiciled in New York.

Safe Harbor Funds »
Broker of viatical and senior settlement transactions. Located in New York, but licensed in Florida.

Wealth Increase Network, LP »
Texas firm offers a service helping seniors sell their life insurance policies.

European Life Settlement Association (ELSA) »
Sets standards for the European life settlement industry and promotes transparency by providing accurate, authoritative information to retail and institutional investors.

European Policy Exchange Ltd. »
UK based market maker for German second hand endowment policies offering institutional investors access to German traded endowment policies (TEPs).

Individual Benefits, Inc. »
Provides brokerage for viatical and senior settlements. Domiciled and licensed in North Carolina.

Viatical Settlement Professionals, Inc. (VSPI) »
Attorney-owned viatical and life settlement company. Located in Virginia and licensed in most states.

Life Insurance Settlement Association (LISA) »
A non-profit trade association for members of the viatical and life settlement industry. Also offers consumer education, state regulatory information, and industry related news.

Life Partners Holdings, Inc. »
Purchasers of life insurance policies in both viatical and senior settlements. Domiciled in Texas.

Life Equity, LLC »
Firm purchases qualified life insurance policies from seniors. Company is based in Ohio but is active throughout the USA.

American Viatical, LLC »
Purchasers of viatical and senior settlements, also offers policy loans. Site features news, testimonials, FAQ, and an information request form. Domiciled in Indiana; services most states.

ViaSource Funding Group, LLC »
Offers to buy life insurance contracts of cancer victims and other terminally ill policyholders not suffering from HIV or AIDS. Company is located in New Jersey but is licensed in many states.

Viatical Settlements, Inc. »
Brokers viatical settlements by helping those who are facing a terminal illness to collect their death benefit in advance. Domiciled in Missouri, licensed in many states.

Legal Life Settlements »
A life settlement intermediary, specializing in helping retiring business owners sell company owned life insurance policies.

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.

Don't rely on published rates. "No one's going to advertise their worst product," says Keith T. Gumbinger of HSH Associates, a Butler, NJ, firm that tracks mortgage rates. "They advertise the best possible rate, which probably gets offered to only the top 10 percent of applicants."

If you want to make sure the interest rate your lender offers you is the rate you get when you close the loan, ask about a mortgage lock-in (also called a rate lock or rate commitment). Any lock-in promise should be in writing. Make sure your lender explains any costs or obligations before you sign.

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.