| |
Mortgage Refinancing Help
: Business
: Transportation and Logistics (7,849)
 Don't rely on published rates. "No one's going to advertise their worst product," says Keith T. Gumbinger of HSH Associates, a Butler, NJ, firm that tracks mortgage rates. "They advertise the best possible rate, which probably gets offered to only the top 10 percent of applicants."
 See also:
 Trans Pixs Worldwide »
Photos of all transportation modes, including railroads, rapid transit, city and intercity bus, commercial and military aviation, shipping, trucking.
|
 Transportation Research Board »
Promoting innovation and progress in transportation through research. The Board fulfills this mission through the work of some 200 standing technical committees and task forces that address all modes and aspects of transportation.
|
 FirstGroup plc »
Transport operator offering train and bus services throughout the UK and North America.
|
 Amerijet International »
Global cargo transportation services by land, sea, and air.
|
 Transport Canada »
Develops and administers policies, regulations and services for the transportation system. Information on modes of transport, environment, emergencies, and media.
|
 The National Transportation Library »
Provides online access to documents and databases covering all aspects of transportation in the US. Material comes from public and private organizations and access is free.
|
 Fleetbrowser.com »
Provides resources on the commercial vehicle, transport and logistics industry.
|
 Estes Express Lines »
Offers a full spectrum of shipping and supply chain management services.
|
 Ahlers »
International logistic and maritime service provider with offices and warehouses in Asia, CIS and Europe. Headquartered in the port of Antwerp, Belgium.
|
 Harmer E. Davis Transportation Library »
Library of the Institute of Transportation Studies at the University of California, Berkeley.
|
 Röhlig »
Multinational network whose core business is intercontinental sea and airfreight, but also offers land transport and project business. Provides online the latest status on the location of consignments. Company profile, services offered.
|
 Transportation Safety Board of Canada »
Canadian agency responsible for investigating air, marine, rail and pipeline accidents.
|
 MyYellow.com »
Provides transportation and logistics tools and services.
|
 U.S. Department of Transportation »
Oversees federal highway, air, railroad, and maritime and other transportation administration functions; components include the FAA, FHA, FRA, NHTSA, OIG, and STB. Site links to related agencies and organizations, safety resources, and current news.
|
|
|
 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.
The majority of your mortgage payment goes toward paying interest. To save an astounding amount of money over the long term, choose a mortgage loan with a lower rate and a shorter payback term. A 15-year mortgage may be just what the financial planner ordered. This type of loan carries a larger monthly payment; but if your budget can withstand the jolt, you can save big bucks over the long haul.
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.
There is no such limit on the number of times you can go for home refinance loans. Most lenders prefer that you have no late payment for the past 12 months before you switch over to a new loan.
|
|
