Mortgage Refinansing Help

Mortgage Refinancing Help: Financial Services

“Resist "no cost" refinancing. No cost doesn't mean free. On the contrary: The closing costs are usually bundled into the new mortgage, which means you pay interest on them. The fees associated with a 30-year mortgage could cost you more than double what they would have had you simply written a check for them at closing. Or, if the costs aren't bundled in, you'll be charged a slightly higher interest rate. Either way, the lender wins. ”

Mortgage Refinancing Help : Regional: North America: United States: Arizona: Localities: P: Phoenix: Business and Economy : Financial Services (41)

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.

Insurance (7)
Mortgages (9)

Mortgage Refinancing Help: Financial Services ()

See also:

Your Source Financial »
Arizona based professional wealth manager that includes financial planning, tax planning, estate planning and money management.

Grass Coffey & Scharlau, CPA's »
Local firm offering accounting, management advisory and tax services.

MS Capital Management, LLC »
Provides portfolio management, retirement planning and investment advisory services. Includes mission statement, staff biographies, frequently asked questions, privacy policy, and contact information.

Southwest Health Care Credit Union »
Describes products and services, provides loan calculator, lists rates and branch location.

NextStudent »
Offers student loan applications, information about college financing, and a scholarship search engine.

Jean DeKraker, CPA, PC »
Accounting, financial planning and tax services.

Baran & Scripter, LLP »
An Arizona CPA firm serving a client's total financial needs.

Alhambra Credit Union »
Serving employees of Alhambra, Avondale, Litchfield, Littleton, and Pendergast school districts.

Foothills Financial Planning »
Fee-only financial advisor. Includes profile and an overview of areas of expertise.

Deer Valley Credit Union »
Information on loans and other services, ATMs, shared branches and remote services.

Black Gould & Associates »
Offers consultation, and assistance for employee benefit programs. Provides company profile, featured products, services, and contact.

CustomerFunding.com Inc. »
Provides auto loans and refinancing for all types of credit. Online application, testimonials, and payment calculator.

GoldStarTrust Company »
Full service financial services company specializing in personal and corporate trust, and church bond services. Includes forms, company history and account access.

Pivotal Group, Inc. »
Phoenix based national investment company. Pivotal invests primarily in high-quality real estate assets.

DeGreen Financial »
Provides estate preservation, and portfolio management. Contains seminars, library, integrated services, advisor biographies, and contact information.

Marisol Federal Credit Union »
Provides information on products and services, online banking, and check reordering.

Trigon Staffing Administrators »
Offers payroll administration and human resource services for contractors and businesses.

Viking Bond Service Inc »
Nationwide source for contract, commercial and fidelity surety bonds of all types and amounts.

Karpinski & Jacobsen PLC »
Certified public accountants specializing in income tax and accounts preparation. Includes profiles of key personnel and services offered.

Randy J. Elder-Certified Public Accountant »
Tax, accounting, and bookkeeping services.

Abalos and Associates »
Full service certified public accounting firm specializing in the small and mid-size business. Includes staff profiles, services offered, newsletter, client tips, and contact information.

Southwest Business Credit Services »
Reports analyzing credit payment habits and business history. Includes services, resources, membership application, and contacts.

Larry Gellman - Baird »
Baird - Local financial advisor for Robert W. Baird and Company. Includes profile, company history, available services, and contact information.

Desert Schools Federal Credit Union »
Describes membership benefits, lists branches, job openings, automated teller machine locations and related networks.

Shamrock Foods Federal Credit Union »
Serving employees, retirees, immediate family members, and household members of Shamrock Foods Company. Describes deposit and loan services.

Be Prepared. You'll probably be asked for more information and documentation after you submit your application, but before your loan is approved be prepared to document your income and assets. Answer any questions and fax documentation to your loan representative as soon as possible.

Unless you are getting a lower interest rate, refinancing your home may cost you more money in the long run and may require you to pay higher monthly payments.

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.

Homeowners who want to refinance but can't because they owe more on their home than their home is worth (also known as "upside down") should focus their time and energy on making more money. Adding a part-time job or starting a side business will bring extra income into the household, income that can be used to make extra payments a mortgage.