|
Mortgage Refinancing Help: Accounting
“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.
”
|
| |
Mortgage Refinancing Help
: Regional: North America: United States: Iowa: Business and Economy: Financial Services
: Accounting (7)
 The majority of your mortgage payment goes toward paying interest. To save an astounding amount of money over the long term, choose a mortgage loan with a lower rate and a shorter payback term. A 15-year mortgage may be just what the financial planner ordered. This type of loan carries a larger monthly payment; but if your budget can withstand the jolt, you can save big bucks over the long haul.
 See also:
 Schuring & Uitermarkt »
Provides tax planning, recordkeeping, and retirement planning. Includes profile and information about services. Located in Pella and Urbandale.
|
 Erpelding, Voigt & Co., L.L.P. »
Provides financial advice, accounting, and audit services. Includes firm and staff biographies, tax information tables and calendars, description of services, financial tips, and company news. Located in Algona, Buffalo Center, Humboldt, and Okoboji.
|
 Thompson, Mark CPA »
Offers tax and accounting work for small businesses and individuals. Includes staff profiles, details of services, calculators and newsletter. Located in Fort Dodge and Des Moines.
|
 Schnurr & Company, LLP »
Certied public accountants and consultants. Includes firm profile, newsletter, client services and financial tools. Located in Ames and Fort Dodge.
|
 Hogan - Hansen »
Hansen
- Offering auditing, accounting, tax preparation, business valuation, payroll, bookkeeping, computer consulting, and employee benefits services. Located in Waterloo, Mason City and Cedar Rapids.
|
 McGowen, Hurst, Clark & Smith »
Proving accounting, auditing and business consulting service with a broad base of experience and resources. Offices in Des Moines and Winterset.
|
 Latta, Harris, Hanon & Penningroth, L.L.P. »
Offers a wide range of accounting and consulting services to individual and business clients. Includes firm profile, information center and newsletter. Located in Iowa City and Washington.
|
|
|
 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.
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.
When evaluating different lender offers, in the mortgage loan pre-approval process, pay closest attention to the interest rates they are offering & the closing costs. These are the two biggest factors that will help you figure out which lender is right for you. If one of these two factors is too high, it could offset the benefit of refinancing for you.
It is feasible to go for a refinance when you have built up at least 10% equity in your home (For Fannie Mae owned mortgages, the value is 5%). It is also possible for you to choose the option if your equity is less than 5%, but you may have to pay a certain amount of cash in order to make up for the difference in equity.
|
|