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Mortgage Refinancing Help
: Business: Transportation and Logistics: Car Sharing
: Cooperatives (8)
 When lenders offer a "no-cost" loan, they may include a prepayment penalty to discourage you from refinancing within the first few years of the loan. Ask the lender offering a no-cost loan to explain all the fees and penalties before you agree to these terms.
 See also:
 Regina CarShare »
Regina, Saskatchewan, Canada based start-up. Blog provides details on initial meetings, incorporation, and search for members.
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 Calgary Alternative Transportation Co-operative »
Calgary, Alberta, Canada based service. Includes description of service, explanation of fleet development, and cost comparisons.
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 NTUC Income Car Co-operative, Ltd. »
Singapore based service with vehicles throughout the country. Includes membership requirements, rate plans, fleet, and location map.
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 Grand River Carshare »
First legally incorporated car-sharing co-operative in Ontario, Canada with service in the Kitchener-Waterloo and Cambridge area. Includes history, vision, directory of other programs and cost comparisons.
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 Victoria Car Share Co-op »
British Columbia, Canada service with vehicles in Victoria, Oak Bay, and Saanich. Online bookings, news, and membership details provided.
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 Co-operative Auto Network »
British Columbia, Canada based not-for-profit co-operative with vehicles in Vancouver, New Westminster, Burnaby, North Vancouver, Tsawwassen, Nanaimo, Tofino, and Cortes Island. Includes co-op principles, membership perks, pricing, and locations.
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 Dancing Rabbit Vehicle Co-op »
Rutledge, Missouri, USA non-profit operation. Offers biodiesel facts, culture, and mission.
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 Mobility Car Sharing »
Switzerland and Austria based co-op service which also provides subscription plans for non-members. Services, history, and locations provided along with French and German sites.
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 If you are planning to stay in your home for several years, then you can save money by paying points for lower interest rates. You pay up front fees to ensure you have lower interest payments over the course of your loan. Remember, this only works if you keep your mortgage for several months.
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.
If you are paying private insurance on your current mortgage, refinancing may allow you to do away with this unnecessary expense.
Fees are a hidden cost of many mortgage loans. By law, lenders must disclose fees within three days of a loan application. Fees can go by many names like - document prep fees, courier fees, administrative fees, and more.
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