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Mortgage Refinancing Help
: Reference
: Directories (183)
 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.
 See also:
 Business Reference Page »
Links to directories of business information, phone numbers, government resources, maps, FAQs, dictionaries, and financial calculations.
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 ReferenceDesk.org »
A large categorized collection of reference links to over 600 different sites.
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 The Info Service »
An enormous reference resource featuring links in categories like programming, computer help, genealogy, hobbies, business and travel.
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 Martindale's Reference Desk »
Large collection of links to reference resources, including language centers, calculators, maps, and science tables.
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 Melissa Data »
ZIP Codes, area codes, cities, states, addresses, information about non-profit organizations, people who have contributed to political campaigns, and demographics.
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 Langenberg »
Provides access to multiple phone, reference, geographic, business, search, and media databases with integrated search tools.
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 Refdesk.com »
A one-stop site for all things Internet including news, weather, sports, reference, encyclopedia (50 areas), facts on file, FAQs, tutorials, search engines, Win95, free stuff, and games. Includes over 20,000 links.
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 Virtual Learning Resources Center »
Search a collection of resources recommended by librarians and educators. Select from subject specific databases or general web sites, news sources, or electronic text archives.
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 LibrarySpot.com »
Reference collection including dictionaries, encyclopedias, newspapers, maps, reading lists, and quotations.
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 Trussel's EclectiCity »
Links cataloged in the form of on-line publishing: stories, articles, dictionaries, bibliographies, song-lists, word-lists, phone-lists, and translations.
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 Lexico Publishing Group, LLC »
Independent company offers a dictionary, thesaurus, and word of the day mailing list, with details of services and sponsorship.
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 You can ask for a copy of your settlement cost papers (the HUD-1 form) one day in advance of your loan closing. This will give you a chance to review the documents and verify the terms.
It is feasible to go for a refinance when you have built up at least 10% equity in your home (For Fannie Mae owned mortgages, the value is 5%). It is also possible for you to choose the option if your equity is less than 5%, but you may have to pay a certain amount of cash in order to make up for the difference in equity.
Calculate the financial benefit of refinancing in one, two, or three years. Does the benefit compare with your plans for staying in your home?
Stick with a simple loan. It is easier to understand and less likely to get you into trouble. Adjustable-rate mortgages may seem like a way to get a bigger house now or to keep more money now, but when the rates adjust you can get into trouble. Avoid anything with a balloon payment. Just choose a simple 30-year mortgage you can easily afford.
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