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Mortgage Refinancing Help
: Business: Financial Services: Mortgages
: Education and Training (15)
 Make sure the new title is correct. The fact is, most people never see their deed before it's recorded at the county court house, says Gumbinger. He recommends that you ask the lender if you can review the title to the property before it gets filed, so that you can make sure it's correct.
 See also:
 The Mortgage Training Institute »
Offers coursework for loan officers and processors. Includes class descriptions and school calendar. Based in Tucker, GA.
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 Mortgage Institute for Financial Services Professionals, Inc. »
Serves the educational needs of those involved in home financing. Includes course summaries, designations, press releases, admissions standards.
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 Florida Mortgage Broker School »
Offers pre-licensing courses and continuing education for loan officers. Features locations, class schedule, FAQs. Based in Tampa, FL.
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 TrainingPro »
Provides continuing education courses for mortgage brokers and loan officers. Offers online, classroom, and home study formats.
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 eZ Desk »
Provides educational courses and online tools for mortgage professionals. Includes company overview, FAQs, news.
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 Mortgage Lending Learning Network »
Offers sale, marketing and technical training for the mortgage lending industry.
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 GregFrost.com, Inc. »
Offers consulting and seminars on the tools of the trade for mortgage lending. Features schedule and fees, testimonials, products. Based in Albuquerque, NM.
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 American School of Mortgage Banking »
Provides formal training for processing underwriting and loan origination. Includes job placement assistance and free lifetime re-education.
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 School of Mortgage Lending »
Offers correspondence and online courses plus classroom training. Features programs and prices, policies, FAQs, credentials, press releases. Based in Bellevue, WA.
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 Mortgage Training Services Inc. »
Lists mortgage training classes available and delivers online training. Authorized trainer for Calyx POINT for Windows and a Fannie Mae certified trainer. Located in Marysville, CA.
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 Capstone Institute of Mortgage Finance »
Instruction for loan officers, loan processors, and underwriters. Offers classroom training and online courses. Campus located in Marietta, Georgia.
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 Kambuck Resources »
Offering mortgage broker licensing courses and loan processing classes.
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 Vermillion Consulting »
Provides consultation and educational products developed for the mortgage industry. Includes philosophy, client list, testimonials, services.
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 Walker and Miller Financial Services »
Offers training for the Australian mortgage industry. Features course description, student testimonials, online registration. Based in North Sydney NSW.
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 XINNIX, Inc. »
Offers sales training for loan officers. Features programs, instructor profiles, calendar. Located in Atlanta, GA.
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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.
Be 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.
Make sure that your original mortgage does not have a pre-payment penalty or early payoff penalty of any kind. Sometimes people will get into their mortgage with the mortgage having a pre-payment penalty and they will not even know about it. Pre-payment penalties usually range from 6 months to 3 years with a penalty for an early payoff. The penalty is usually about the amount of 6 months worth of your mortgage loan interest, but this varies. You would have to be able to have some significant payment and interest savings on your refinance loan to justify refinancing a mortgage loan with a pre-payment penalty.
If you are planning to stay in your home for several years, then you can save money by paying points for lower interest rates. You pay up front fees to ensure you have lower interest payments over the course of your loan. Remember, this only works if you keep your mortgage for several months.
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