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Mortgage Refinancing Help
: Regional: North America: United States: Maryland: Business and Economy
: Financial Services (7)
 If you have bad credit, find a lender who is willing to work with you and offer you reasonable loan terms.
 See also:
 Linton Shafer Warfield & Garrett, P.A. »
Certified public accountants, business and financial advisors with offices in Frederick, Silver Spring and Annapolis Maryland.
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 Chessie Federal Credit Union »
Offers a broad range of personal financial products and services. Locations in Cumberland, La Vale, Frederick, Rockville, and Marlow Heights.
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 Rowles & Company, LLP »
Certified Public Accountants with offices in Baltimore and Salisbury. Profile, services and newsletter.
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 Draper & McGinley PA »
CPA firm with offices in Frederick and Hagerstown providing tax planning and preparation, accounting and business consulting services. Includes a listing of services, financial tools, news and events calendar.
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 McLean, Koehler, Sparks & Hammond »
Certified Public Accountants (CPAs) and business consultants with offices in Baltimore, Frederick, Westminster and Columbia.
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 Maryland Credit Union League »
State trade association serving 132 credit unions and representing Maryland consumers who are credit union members. Credit Union information, events, education and services.
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 Glass Jacobson Financial Services »
Focusing on closely-held businesses and high net-worth individuals with financial tools, client information center and company profile. Offices in Owings Mills and Frederick.
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 Give yourself plenty of time to close. With most refinancings, your file is turned over to a closing or title company, which dictates the closing details. Like the lenders themselves, these firms are swamped when interest rates are low. Moreover, appraisers get backed up and can be difficult to schedule. So don't expect the closing to happen as quickly as anyone promises.
There is a refinancing myth that says you should not refinance your mortgage unless your interest rate will be at least two points less. This myth is not necessarily true if there are other benefits to the refinance or other reasons behind it.
If you have a mortgage, you should keep an eye on rates-especially if you have an adjustable rate mortgage. Getting locked in at a lower, fixed rate can save you hundreds, possibly even thousands, of dollars over the life of your loan.
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.
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