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Mortgage Refinancing Help
: Business: Financial Services: Insurance: Agent Resources
: Premium Financing (8)
 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.
 See also:
 AMGRO Premium Financing »
Provides finance services to the insurance industry throughout the USA. A subsidiary of the Hanover Insurance Company.
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 Mountain West Premium Finance Company »
Commercial premium finance company doing business in the USA.
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 IFS Financial Services, Inc. »
Insurance premium financing company provides financing solutions across Canada. Download free software and forms.
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 Finco Premium Finance Company, Inc. »
Insurance premium finance for commercial and personal lines; licensed in North Carolina, USA, and nearby states.
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 Arizona Premium Finance Company »
Services the non-standard, commercial, and livery auto insurance agent. Operates in over 20 states of the USA.
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 Input 1, LLC »
A North American third-party administrator and software developer for the premium finance industry. Also provides retail premium finance services to agents and brokers.
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 Premium Funding Associates, Inc. »
Texas, USA, firm offers premium funding for commercial insurance policies. Site describes company and services.
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 First Insurance Funding Corporation »
Offers premium financing services to the insurance industry in the United States. Site describes products and services, offers online brochures, and has restricted area for logged-in agents.
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 There are literally thousands of mortgage companies all over the country. It is important that you choose a reputable one. Most reputable companies will be part of the Better Business Bureau or other community watchdog group. Good companies will also have websites that rank well on search engines such as Yahoo and Google.
Refinancing may not be that useful if you have already used up 90% or more of your home value in taking out a mortgage or any home equity loan. You won't be able to get the best rates available in the market as when you refinance a 90% LTV loan, you will probably require a loan of that value or higher. This will be quite closer to being a 100% financing option and hence mortgage refinance rates will be comparatively higher. Moreover, 100% loans are hardly available in times of mortgage market crisis.
Be Prepared. You'll probably be asked for more information and documentation after you submit your application, but before your loan is approved be prepared to document your income and assets. Answer any questions and fax documentation to your loan representative as soon as possible.
If you are able to get a lower rate that what you currently have, you can save tens of thousands of dollars over the life of your loan. Also, most lenders don't charge as many fees to refinance a mortgage and depending on how much equity you have in your home you may be able to roll the closing costs into your new loan, still have a lower balance than your original loan, a lower rate, and a lower payment.
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