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Mortgage Refinancing Help
: Regional: Europe: Business and Economy
: Financial Services (7)
 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.
 See also:
 MKS Finance SA »
Precious metals and financial services group specialising in gold and other precious metals processing and trading. Company profile, services offered, daily trading reports, and contact details for Switzerland and The Netherlands.
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 Swedbank »
Provides banking services for individual and corporate clients, mostly in Sweden and the Baltic countries. Features ratings, reports and press releases.
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 Close Asset Management »
Private bank. Offers product detail and includes a login area for banking and portfolio services. Operates in the UK, Channel Islands, Isle of Man, South Africa, and Barbados.
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 European Pensions »
Extracts from magazine for the European pension industry. Magazine profile, calendar of events, rss feed, subscription information, and contact details.
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 Temmes International Corporate Trust Services »
Provides accounting, tax and management services in Luxembourg, The Netherlands and Switzerland. Presents office locations, business profile and contact information.
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 Association of Accountants and Auditors in Europe »
A group of experienced, independent accounting, tax and business advisory firms providing a service to corporations, small businesses and individuals. Company profile, services offered, and individual profiles and contact details for associates in Belgium, Cyprus, France, Ireland, Netherlands, and United Kingdom.
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 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."
For both new buyers and refinancers, it's important to understand what a no-cost mortgage loan or a no-cost refinance loan really means. "No cost" does not mean that closing costs (also known as settlement costs) have been erased. It means that the closing costs will be factored into the interest rate associated with the loan. Of course, this also means that, all other things being equal, the interest rate associated with a no-cost mortgage will always be higher than one where the borrower pays the closing costs up front.
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.
Short-term mortgages offer lower interest rates than long-term mortgages. You save money by the lower interest rates and shorter payment period. The trade off is a larger monthly payment, but this option can save you thousands.
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