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Mortgage Refinancing Help
: Business: Telecommunications
: Carriers (129)
 If your property value reduces and you refinance up to 80% of the reappraised value, your original mortgage amount may be higher than this amount. Thus, the new loan will not be sufficient enough to help you pay down the existing one.
 See also:
 ATX Communications »
Pennsylvania facilities-based provider offering voice, data, and wireless solutions. News, solutions, and careers included.
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 MCI »
Global business and residential communications company operating in more than 65 countries.
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 AT&T Canada, Inc. »
Provides voice, data, and Internet telecommunications. (Nasdaq: ATTC)
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 Telus »
Canadian operator principally in British Columbia and Alberta.
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 Verizon Corporation »
Local Exchange Carrier (LEC). Offers long distance, data, and Internet services as well.
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 Telefonica »
Spanish multi-national company operating throughout the Spanish and Portuguese-speaking world.
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 Interoute »
European carrier with offices in various countries.
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 Telenor International »
Norway based communications, IT and media company.
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 Telstra Australia »
Mobile phone, internet, and wired telephone service provider to Australia, covering 94% of the population.
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 Sprint »
Global provider of voice, data and Internet services.
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 BT »
National telecommunications provider. Details on products and services, plus user area.
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 AT&T »
Provides long-distance, international and wireless services as well as internet access.
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 Cable and Wireless »
Global supplier of internet, data and voice solutions to business customers. Products, services, awards, and network details provided.
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 Bell Aliant Inc. »
Provides local and long distance telephone, wireless, and Internet services in Canada's four Atlantic provinces.
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 Qwest Communications »
Local Exchange Carrier (LEC), large wholesale and retail provider of voice and data services.
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 FairPoint Carrier Services »
Provides services for vendors in the industry.
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 Tele2 AB »
Pan-European telecom operator providing a range of services including fixed-line and mobile phone, cable TV, data transactions, and internet access. Includes share details and investor relations. (Nasdaq: NECSB)
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 CompleTel »
Providing services in France, Germany and in the UK.
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 Covista Communications »
Facilities-based network, owns many brands, including Capsule Communications.
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 Bell Telecommunication Philippines, Inc. »
Digital broadband network access provider using wireless access for last mile connectivity and fiber optic cables in the Central Business District for domestic, multinational and entrepreneurial companies operating in the Philippines.
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 France Telecom »
French voice, data, and Internet company. In English and French.
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 Bell Canada »
Information on products and services, promotional events, regulatory issues and leading-edge innovations.
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 Deutsche Telekom »
German telecommunications conglomerate that owns or operates services across Europe under the T-Mobile brand.
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 Isis Telecommunications Management Ltd »
Independent provider of mobile and fixed services to UK businesses.
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 ALLTEL Corporation »
Offer local telephone, wireless, long distance, Internet and paging service.
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 Primus Telecommunications Group, Inc. »
Provides international and domestic long distance, internet access and data, and other telecommunications services. (Nasdaq: PRTL).
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 Jazztel p.l.c. »
Holding company with subsidiary which provides telecommunications and data services. (Nasdaq: JAZZ).
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 Shields Environmental »
Environmentally conscious equipment resource for telecom carriers. Offices in Europe, North America, and Asia. ISO 14001/EMAS.
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 Telecom New Zealand International »
Global provider of voice, data and IP solutions based in New Zealand.
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 BellSouth »
Local Exchange Carrier (LEC) with local to global offerings in voice, data and Internet.
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 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.
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.
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.
The length of time that you expect to keep the mortgage helps you determine whether it is worthwhile to pay points up front to reduce your interest rate. Unlike points paid on your original mortgage, points paid to refinance may not be fully deductible on your income taxes in the year they are paid.
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