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Mortgage Refinancing Help
: Regional: North America: United States: Arizona
: Business and Economy (139)
 Calculate the financial benefit of refinancing in one, two, or three years. Does the benefit compare with your plans for staying in your home?
 See also:
 Arizona CCR&R »
A community service which matches parents seeking child care with child care resources in Arizona.
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 Allstate G.E.S. Appliance, Inc. »
Supplier of brand name home appliances to the Arizona home building community. Includes company history and showroom locator.
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 Holiday Magic »
Provides statewide indoor and outdoor, commercial and residential Christmas decorating services.
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 APS »
Providing the state with electricity, power, and energy services for residential and business customers.
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 Bingham Equipment »
Agricultural and construction equipment dealer with multiple statewide locations. Features product lines, and inventory.
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 Patriot Disposal »
Waste disposal rates, services and pickup days for Chino Valley, Oak Creek, Prescott Valley and Sedona.
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 Viking Sewing Gallery »
Viking and White sewing machines, serger, and embroidery machines, repair, service, accessories cabinets, and supplies. Stores in metro Phoenix and Prescott.
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 Refinacing your mortgage can allow you to take cash out of the equity which you have built in your home. You can pay off your higher interest debts and pay all of your debts at a lower interest rate. This will allow you to save money on a monthly basis and achieve your financial security.
If you want to make sure the interest rate your lender offers you is the rate you get when you close the loan, ask about a mortgage lock-in (also called a rate lock or rate commitment). Any lock-in promise should be in writing. Make sure your lender explains any costs or obligations before you sign.
Carefully review the estimated closing costs. If you decide to lock in the rate, the lender will send you a "good faith estimate" of your closing costs within three days. Go over the numbers carefully, and compare them to the ones that appear on the final settlement statement (the HUD-1) from your previous mortgage.
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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