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Mortgage Refinancing Help: Financial Services
“Ask for the reissue rate on your title work. If you've taken a mortgage within the past two years, or are using the same lender, you might be granted this option, which can save you as much as 70 percent on your title work. An editor at this magazine didn't know about this potential savings when he refinanced his mortgage; fortunately his lawyer did. The savings more than covered the attorney's fees. However, if it's been several years since you took out a home loan, or if you're using a new lender, you'll likely have to pay for a new title.
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Mortgage Refinancing Help
: Regional: Middle East: Business and Economy
: Financial Services (8)
 If your monthly payment on a fixed-rate loan includes escrow amounts for taxes and insurance, your payment each month could change over time due to changes in property taxes, insurance, or community association fees.
 See also:
 Zawya.com »
Provides free business and finance coverage of the Middle East.
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 Arab Trade Financing Program »
Provides financing of exports and imports for Arab countries. Features information on export and import opportunities, highlights of the program, statistics, and standard codes.
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 Mubasher services »
Real time reports from stock markets throughout the region. [English/Arabic]
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 Union of Arab Banks »
Consolidates relations and foster cooperations between its members, coordinates their activities, and emphasizes their Arab character.
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 Inter-Arab Investment Guarantee Corporation »
Pan-Arab regional organization, established with the aim of promoting inter-Arab investments and trade.
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 Middle East North Africa Financial Network »
A financial portal catering to users in the Middle East and North Africa. Offers personalized pages, investment services, marketplaces, and financial news and quotes covering MENA and the globe.
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 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.
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.
Be Proactive. Your loan representative should keep in contact with you even if there isn't any action on your loan. But do your part to keep the lines of communication open as well. If you don't hear from your loan representative for a few days, pick up the phone and ask for an update. The old adage that the squeaky wheel gets the grease definitely applies in this situation.
If you are refinancing from one ARM to another, check the initial rate and the fully-indexed rate. Also ask about the rate adjustments you might face over the term of the loan.
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