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Mortgage Refinancing Help
: Regional: North America: United States: Colorado: Localities: A: Aurora: Business and Economy
: Financial Services (8)
 These days most people request a Good Faith Estimate (GFE), but have no clue what to look for on the GFE. Make sure you request a GFE that has ALL fees estimated and disclosed. This includes: origination points, processing, lender, appraisal, title, escrow... ALL FEES... especially the Yield Spread Premium or YSP.
 Beta Health Association »
Individual and group dental, life, and vision insurance. Includes statewide provider directory.
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 Commerce Bank »
Commercial banking services for businesses and individuals.
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 Carl A. Brockmeyer Jr., CSA »
Long term care insurance broker. Highlighting available services, testimonials and industry links.
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 Space Age Federal Credit Union »
CyberCenter allows members to access their accounts, loan applications, real-time rate quotes, and credit union services.
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 Tri-State Mortgage »
Residential and commercial real estate loans, refinance, and second mortgages. Highlighting available programs, application, and closing costs.
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 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.
Refinancing a mortgage means the owners are paying off their existing mortgage and replacing that mortgage with a new loan. Generally, the costs associated with mortgage refinancing are rolled into the loan, meaning they are added to the existing balance, increasing the loan amount.
Stick with a simple loan. It is easier to understand and less likely to get you into trouble. Adjustable-rate mortgages may seem like a way to get a bigger house now or to keep more money now, but when the rates adjust you can get into trouble. Avoid anything with a balloon payment. Just choose a simple 30-year mortgage you can easily afford.
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.
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