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Mortgage Refinancing Help
: Regional: North America: United States: Maryland: Localities: R: Rockville: Business and Economy
: Financial Services (18)
 Carefully review the estimated closing costs. If you decide to lock in the rate, the lender will send you a "good faith estimate" of your closing costs within three days. Go over the numbers carefully, and compare them to the ones that appear on the final settlement statement (the HUD-1) from your previous mortgage.
 See also:
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A full service collection agency.
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 Jon B. Stang and Associates, LLC »
Offers auto, health, life and home owners' insurance through independent agents and brokers in Maryland, Virginia, West Virginia, and the District of Columbia.
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 Aronson & Company »
Accounting and management consulting firm servicing the DC Metro area. Includes industries served, news, careers and charitable foundation information.
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Accounting firm serving small businesses and individuals. Profile, services and customer testimonials.
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 Gold, Leins & Adoff »
A Certified Public Accounting firm, specializes in advising small and medium size businesses, non-profit organizations, and individuals.
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Serving employees of the National Institutes of Health.
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 Oxley & Goldburn Insurance Services »
Provides car, business, and life insurance as well as employee benefits, surety bonds and professional liability.
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 Barkanic & Ames L.L.C. Certified Public Accountants »
Tax preparation and planning CPA firm.
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 Proch & Proch LLC, CPA »
Professional services firm dedicated to providing tax, audit, financial management, and Quickbooks consulting services.
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 The Martens-Johnson Insurance Agency »
Supplier of home and auto insurance products in Maryland, Washington DC, Virginia, and Delaware.
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 Rosenbloom & Associates »
CPA firm offering audit services, income and estate tax preparation and planning, management advisory services, business valuations, and financial consulting.
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 The Insurance Exchange »
Insurance agency which provides pension, commercial, personal, and employee benefit insurance services.
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 Financial Advantage Associates »
A financial services firm. Includes a description of products and services, list of associates, and market information.
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 Taxmasters, Inc. »
Accounting services. Services, tax tips, and online payments.
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 David Twenhafel, CFP »
Offers financial planning to people in the process of divorce.
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 Energy Federal Credit Union »
Serves companies that are affiliated with either the U.S. Nuclear Regulatory Commission (NRC) and the U.S. Department of Energy (DOE) as well as non-affiliated companies.
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 Charles R. Grant Insurance Agency, Inc. »
Independent agency representing various insurance companies.
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 When it comes to lowering your rates you will need to weight the benefits of having a lower rate vs. paying points up front. You may end up paying a lot more depending on your choice and how long you plan on keeping your mortgage.
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.
Many financial advisers caution against cash-out refinancing to pay down unsecured debt (such as credit cards) or short-term secured debt (such as car loans). You may want to talk with a trusted financial adviser before you choose cash-out refinancing as a debt-consolidation plan.
If you know that you will be moving in 3 to 5 years, you might want to consider refinancing to a 3 or 5 year ARM (adjustable rate mortgage). These loans typically have a much lower rate that a traditional fixed rate loan such as a 30 year fixed, but they do have a fixed rate for the first 3 or 5 years of the loan. This will enable you to benefit from the lower rate, but you won't ever have to worry about the risk of a rate adjustment because you will be selling the home before the fixed-rate period ends.
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