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Mortgage Refinancing Help
: Business: Mining and Drilling
: Mineral Exploration and Extraction (154)
 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:
 Kaolin JSCo »
Bulgarian mining company producing kaolin, silica sand, chamotte and carbonate fillers.
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 Rio Tinto »
Finding, mining and processing the earth's mineral resources.
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 Cambridge Carbonates Ltd. »
Cambridge Carbonates provide worldwide experience in the geology of carbonate and evaporite systems.
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 Ausdrill Limited »
International drilling and contract mining. Features an overview of services, corporate and investor information.
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 Rawtech »
A contractor to the mining and exploration industry.
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 Orissa Mining Corporation »
State owned mining corporation, producing iron, chrome ores, manganese, granite, and gems. India.
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 Snowden »
Mining consultants.
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 Meriden Engineering LLC »
Leasing and exploration company.
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 Molycorp »
Producer of lanthanide products.
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 Kyanite and Mullite Exploration and Production »
A Kyanite and Mullite explorer and producer.
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 Inmet Mining Corporation »
International metal mining company, engaged in the exploration, development and mining of base and precious metals.
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 Newcrest Mining Limited »
Listed company involved in the exploration, development and operation of gold and copper mines. Includes profile and information on operations, hedging, sustainability, careers, strategy, overviews and reports.
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 Atlantic Minerals Limited »
Producer of chemical grade limestone, dolomite and construction aggregates.
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 Hulan(Jilin) Wollastonite Mining Co.,Ltd »
Wollastonite mine in North China.
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 ActiveEM Imaging for Geophysics and Mining »
See through the earth with Active Electromagnetic Imaging, identify ore bodies, geologic structures, old workings, and hazards. Offshore, use high resolution seismic with solid streamer cable towed hydrophone arrays.
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 Wainwright Basalt Quarry »
Suppliers of basalt aggregate in the UK.
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 Discovery Int'l Geophysics Inc. »
A leading geophysical provider in Newfoundland and Labrador, Canada.
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 Geoquest Limited, Zambia »
A mining and exploration contractor based in Zambia and Africa.
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 CBMap »
CBMap is a GIS database related to mineral exploration in Central America and the Caribbean Basin.
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 Poltegor Engineering, Ltd. »
Fume desulphurization and engineering services for mining, plus references and office rental information. [English/Polish]
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 Nittetsu Mining Co. »
Exploration by Nittetsu Mining Co.
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 Changing the term of your mortgage can help in several ways. First, if you were to refinance your current mortgage from 30 years to 15 years, you will accelerate the rate at which you pay towards principle each month meaning your house will be paid off quicker. Also, you will save an unbelievable amount of money in terms of interest because you would likely be taking 10 to 15 years off the life of your loan. Second, you can also refinance a 15 year mortgage to a 30 year mortgage. It seems like it might not make sense to do this, but if you have an immediate need to free up monthly cash-flow and you don't want to take out a home equity loan, this can work out to your benefit. When you take a 15 year loan and refinance it to 30 years you will have the same balance only the payments can be hundreds of dollars less than the 15 year loan. The only draw back to this is you will pay more in interest over the live of the loan.
Calculate the financial benefit of refinancing in one, two, or three years. Does the benefit compare with your plans for staying in your home?
Ask for more than just rates. Bad loan officers will tell you anything to keep you on the phone -- then change the details to suit them later. Instead, make them get real with you! Ask how long they've been in the industry. Probe them about their experience in the industry. Also, ask what their opinion is on the current market and where it's going.
If you want to make sure the interest rate your lender offers you is the rate you get when you close the loan, ask about a mortgage lock-in (also called a rate lock or rate commitment). Any lock-in promise should be in writing. Make sure your lender explains any costs or obligations before you sign.
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