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Mortgage Refinancing Help
: Regional: North America: United States: Iowa: Business and Economy
: Financial Services (28)
 Weigh the costs carefully of how long you will be staying in your home vs. how much of a savings you will be getting in a refinance. Make sure you include closing costs in your decision.
 See also:
 First State Bank »
Offers personal banking, business, trust and realty services, investments and insurance. Includes information about products, hours and services. Located in Conrad, Melbourne and Parkersburg.
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 First National Bank »
Offers personal, commercial, agricultural and electronic banking. Includes profile, descriptions of services and locations.
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 Consumer Credit of Des Moines »
Credit counseling for card problems, credit card and debt consolidation, and bankruptcy help.
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 Iowa Business Growth Company »
Certified by the U.S. Small Business Administration to offer the SBA 504 loan program. Includes information for borrowers and lenders, board of directors list and contacts.
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 First National Bank »
Offers savings and checking account, loans, investment services and insurance. Includes profile, online banking and community links. Located in Fontanelle, Greenfield, Massena, Anita and Correctionville.
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 TD&T Financial Group »
Providing the services of tax planning, preparation, record keeping, reports, profit enhancement consulting, financial services, business problem solving, and financial and estate planning. Includes staff biographies and locations.
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 Security State Bank »
Full service bank offering all types of financial products to help you meet your financial goals. Independence, Urbana, and Dysart.
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 West Iowa Bank »
Hours and contact information for their locations in West Bend, Fenton, and Bode. List of services. Online banking for customers.
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 Security Savings Banks »
Bank with locations in Boxholm, Farnhamville, Gowrie, Harcourt, and Lehigh. Information about account types, services, online banking, loans, and credit cards,
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 Farmers Savings Bank »
Full-service institution with offices in Albion, Beaman, Green Mountain and Marshalltown.
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 Iowa Savings Bank »
Description of personal and commercial banking services and products. Online banking. Offices in Bayard, Carroll, Coon Rapids and Lake City.
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 MidwestOne Bank »
Provides a complete range of personal and business accounts, investments and insurance. Includes company overview and locations.
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 West Bank »
Serving Des Moines and Iowa City with lending, checking, savings, CDs, online banking and trust services for consumers and businesses. Includes locations and hours.
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 First Federal Bank »
Providing personal and business banking, and investment services to Sioux City, Grinnell, Le Mars, Monroe, Newton, Onawa, South Sioux City, West Des Moines and Johnston. Includes service details, career opportunity listings and hours.
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 First Class Credit Union »
Full service financial institution serving postal employees, their families, small employees groups, and the community. Located in Des Moines and Sioux City.
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 Citizens State Bank »
Offers a full line of banking, brokerage, insurance, investment, mortgage, income, trust and payment services products to consumers and businesses. Includes directions to locations in Monticello, Hopkinton, Strawberry Point, Manchester, Ryan, and Winthrop.
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 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.
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.
Changing the term of your mortgage can help in several ways. First, if you were to refinance your current mortgage from 30 years to 15 years, you will accelerate the rate at which you pay towards principle each month meaning your house will be paid off quicker. Also, you will save an unbelievable amount of money in terms of interest because you would likely be taking 10 to 15 years off the life of your loan. Second, you can also refinance a 15 year mortgage to a 30 year mortgage. It seems like it might not make sense to do this, but if you have an immediate need to free up monthly cash-flow and you don't want to take out a home equity loan, this can work out to your benefit. When you take a 15 year loan and refinance it to 30 years you will have the same balance only the payments can be hundreds of dollars less than the 15 year loan. The only draw back to this is you will pay more in interest over the live of the loan.
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.
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