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Mortgage Refinancing Help
: Regional: North America: United States: Arizona: Business and Economy
: Financial Services (9)
 Lenders like pristine credit reports. If you have a bunch of open credit card accounts that you never use (and who doesn't?), consider closing them. It will boost your credit score and make you a much more attractive borrower to a lender. Then, a month after you've closed your accounts, go over your credit report with a fine-tooth comb. It should read that the accounts were closed at your request. (You don't want lenders to think someone cut you off and that you're a bad credit risk.)
 See also:
 Ironwood Financial LLC »
Offers investment consulting, wealth management, asset advice, securities, and retirement planning with offices in Phoenix and Tucson.
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 Speedy Release Bail Bonds »
Provides bail bonds with offices in Prescott, Flagstaff and Camp Verde. Includes company profile and contact information.
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 First Credit Union »
Provides account access, lists and maps of branches, describes products and services and includes an organizational history.
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 SunWest Federal Credit Union »
Serves a variety of employer groups. Describes products and services, branch locations, and current rates.
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 Arizona Central Credit Union »
Serving employees of any company or association operating in the state of Arizona.
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 Real World Inc. »
Financial and marketing professionals.
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 Pinnacle Financial Advisors »
Providing insurance, annuities and retirement planning, offices in Tempe and Sedona. Includes staff profiles and contact information.
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 Lenders like pristine credit reports. If you have a bunch of open credit card accounts that you never use (and who doesn't?), consider closing them. It will boost your credit score and make you a much more attractive borrower to a lender. Then, a month after you've closed your accounts, go over your credit report with a fine-tooth comb. It should read that the accounts were closed at your request. (You don't want lenders to think someone cut you off and that you're a bad credit risk.)
If your property value reduces and you refinance up to 80% of the reappraised value, your original mortgage amount may be higher than this amount. Thus, the new loan will not be sufficient enough to help you pay down the existing one.
Ask for more than just rates. Bad loan officers will tell you anything to keep you on the phone -- then change the details to suit them later. Instead, make them get real with you! Ask how long they've been in the industry. Probe them about their experience in the industry. Also, ask what their opinion is on the current market and where it's going.
Close inactive credit card accounts to improve your credit score, making you eligible for lower interest rate loans. You will need to notify the credit card companies in writing that you wish the accounts closed on your request. Next, check your credit report after 30 days to be sure closed accounts include the comment "Closed at Customer's Request." You want future lenders to know it was your request and not bad credit that closed your accounts. Also, take the time to check for any mistakes in your credit report that could negatively impact your credit score.
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