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Mortgage Refinancing Help
: Business: Financial Services: Mortgages: Regional: United States
: Tennessee (15)
 These days most people request a Good Faith Estimate (GFE), but have no clue what to look for on the GFE. Make sure you request a GFE that has ALL fees estimated and disclosed. This includes: origination points, processing, lender, appraisal, title, escrow... ALL FEES... especially the Yield Spread Premium or YSP.
 See also:
 First Community Mortgage, Inc. »
Tennessee mortgage lender/broker specializing in conventional, FHA, and VA purchases and refinances.
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 Anchor Mortgage »
Serves customers at three locations in Clarksville and Hermitage. Staff directory and information about loans.
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 Castle Rock Mortgage »
Providing residential loans across the state. Features staff, services, FAQs, customer testimonials. Based in Clarksville.
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 Mortgage South »
Provides residential mortgage financing for Tennessee, Georgia and Alabama.
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 The Mortgage Company »
Offering purchase, refinance and construction loans in Columbia Tennessee.
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 First Southern Mortgage »
Provides commercial mortgage financing for Knoxville and the state of Tennessee.
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 Mortgage Investors Group »
Offers residential mortgage financing and refinancing throughout the state. Office locations, loan types, staff directory, and description of capabilities.
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 Fountain City Finance »
Knoxville mortgage broker providing mortgages of all credit types.
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 McKenzie Banking Company »
Provides residential mortgage financing for McKenzie and all of Tennessee.
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 Franklin American Mortgage Corp. »
Offering mortgage and home equity products throughout the United States. Specializing in mortgage, and home equity loans for the self employed. Based in Franklin.
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 Guaranty Trust »
Specializing in conventional, FHA, and VA loans in the Murfreesboro, Tennessee area.
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 Home Sweet Loans »
Specializing in providing funding to buy, build and re finance residential and commercial real estate.
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 21st Century Mortgage Corp. »
Tennessee mortgage licensee offers a variety of mortgage packages to manufactured housing retailers and consumers.
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 Crump Mortgage »
Offers a variety of home financing products in Tennessee, Mississippi, and Georgia. Main office in Memphis, branch in Chattanooga.
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 First Mortgage Funding Group »
Specializing in 100% financing, first time homebuyers and jumbo loans. Includes team members, products, FAQs. Based in Nashville.
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 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.
Get your interest rate and closing costs in writing as soon as you decide on a lender to work with. Get your lender to give you a commitment in advance of all of the costs that will be involved with your loan. Find out if the refinance loan you are getting has a pre-payment penalty as well. Sometimes lenders will leave out important information like this, if they think it might scare you away from refinancing with them.
If there are only a few years left on your current loan, it's no use refinancing with a long term loan. You may need extra cash but with a long term loan, you'll end up paying more for the entire loan term.
Be Realistic. Lenders have tightened up loan requirements, so you'll need a good credit score and at least some equity in your home to refinance. To figure out how much equity you have, subtract the total amount that you owe on all of your existing mortgages from how much you think your home is worth. If your credit is severely impaired or you owe more than the value of your home, you probably won't be able to refinance right now.
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