|
Mortgage Refinancing Help: Reverse Mergers
“When refinancing a mortgage, as many as 30% of homeowner's cash out part or all of their home's equity. By investing in home improvements or paying off credit cards, this can be a smart. But, if you are borrowing more than 80% of your home's value, you will be hit with private mortgage insurance, costing you hundreds a year.
”
|
| |
Mortgage Refinancing Help
: Business: Financial Services: Investment Banks
: Reverse Mergers (14)
 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.
 See also:
 IPO-Merge.com »
Assists emerging growth companies go public using public shell and reverse merger.
|
 OTCBBShell.com »
Public shell services and operations. Assists to go public via reverse takeover merger or acquisition.
|
 FS Capital Markets Group Inc. »
Provides reverse mergers to small and mid-sized companies going public.
|
 Halter Financial Group »
Assist private companies in becoming public, specifically through the reverse merger process.
|
 Keating Investments, LLC »
A broker-dealer, registered investment advisor, and NASD member specializing in reverse mergers. Includes a description of services, portfolio of transactions, and staff profiles.
|
 OTC Traders »
Offers reverse merger with clean public shells and public equity exit strategies.
|
 Flex Financial Group »
Assists companies going public with reverse mergers, public shells and filings.
|
 Investment Bankers Association »
Provides reverse merger and public shells due diligence for companies going public via IPO. An association for investment banks, venture capital firms, private equity investors and angel investors that help businesses go public.
|
 Going Public Now »
Offers clean, fully reporting public shells for reverse mergers.
|
 Financial Broker Relations »
Offers expertise on going public, reverse mergers, investor relations and raising equity.
|
 GoPublicUSA.com »
Offers shell companies for reverse mergers.
|
 Mergers-R-Us.com »
Investment bank assists private companies in going public by reverse mergers with public shells.
|
 Reverse Mergers Network »
Assists small to medium size companies that desire to obtain public status by reverse merger with public shells.
|
 Tiber Creek Corporation »
Offers go public and ipo services as well as information about reverse mergers, public shell and market makers. Assists with Regulation D private placements and how to raise capital as a public company.
|
|
|
 Pull your credit report from the bureaus and review it for any negative items (late pays, collections etc) and inaccurate detail. Try to dispute negative items and remove them from the report. If required pay off any unpaid debt. Otherwise, you won't get a low rate and may not even qualify. Of course there are lenders in the subprime market who may offer you a bad credit refinance loan, but it's better to avoid them as they'll possible charge higher rates and fees.
When it comes to lowering your rates you will need to weight the benefits of having a lower rate vs. paying points up front. You may end up paying a lot more depending on your choice and how long you plan on keeping your mortgage.
Resist "no cost" refinancing. No cost doesn't mean free. On the contrary: The closing costs are usually bundled into the new mortgage, which means you pay interest on them. The fees associated with a 30-year mortgage could cost you more than double what they would have had you simply written a check for them at closing. Or, if the costs aren't bundled in, you'll be charged a slightly higher interest rate. Either way, the lender wins.
You have a legal right to a good faith estimate. Get a copy of this document and go over it with a fine tooth comb, it will reveal where there is a real problem.
|
|