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Mortgage Refinancing Help
: Business: Industrial Goods and Services
: Industrial Supply (3,931)
 Many companies in this industry will do what ever they can to get away with charging you as much as they possibly can. Some of the ways they do this is not disclosing all the third party fees involved in a loan such as title insurance, appraisals, pre-paid tax and insurance escrows etc. It is important that you ask the loan officer you're speaking with about third party fees. If you don't they may not tell you and give you a good faith estimate that sounds fair, but at closing you'll find out that you have to pay a couple of thousand dollars more in fees you were unaware of. A good loan officer at a reputable company should have no problem disclosing all fees that pertain to your loan and should also make sure you understand what the fees are for.
 See also:
 Eberhard »
Manufacturer of specialty industrial hardware including latches and hinges.
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 Gebr. Van Der Werf BV »
The Netherlands. Manufacturers and fabricators of technical textile products for tents, tensile structures, signage and awning, marine, medical and industrial applications. Multi-lingual site.
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 SNT Group »
Manufacturers of shoulder pads and sleeve head rolls
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 Richmond Supply, Inc. »
Distributor of industrial supplies including belts, hoses, paint, pipe, valves, power transmission products, tools, safety equipment, and industrial instruments.
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 NCH Corporation »
Manufacturer of industrial maintenance products and services.
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 Viking Industrial Products UK, Ltd. »
Supplier of packaging materials, tapes, adhesives, abrasives, tape dispensers, health and safety, 3M products.
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 Steven Levy Enterprises »
Buys all types of new and used industrial surplus.
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 Henry A. Petter Supply Co. »
Industrial distributor focusing on marine, MRO, industrial and manufacturing supplies including: safety supplies, boots, tools, and consumable goods.
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 Moose Industrial Surplus »
Purchases new and used saw mill equipment, hydraulic cylinders, control valves and industrial surplus.
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 Brady Corporation »
Identification, safety, and material solutions with products ranging from high-performance labels, signs and tapes to software, printers and data-collection systems. Based in Milwaukee, WI. (NYSE: BRC).
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 Standex International Corp. »
Diversified manufacturing and marketing company with operations in industrial production of food, air distribution, engraving, hydraulics and engineering. Based in Salem, Salem, New Hampshire. (NYSE:SXI)
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 Thomas and Betts Corp. »
Global manufacturer of connectors and components for electrical markets. Includes catalog of products, and markets served, headquartered in Memphis, Tennessee.
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 If you plan on moving out of your existing home within the next few years, it may not be beneficial for you to refinance. Make sure you let your mortgage specialist know your future plans.
Refinancing is not the only way to decrease the term of your mortgage. By paying a little extra on principal each month, you will pay off the loan sooner and reduce the term of your loan. For example, adding $50 each month to your principal payment on the 30-year loan above reduces the term by 3 years and saves you more than $27,000 in interest costs.
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 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.
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