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Mortgage Refinancing Help: Financial Services
“Be Realistic. Lenders have tightened up loan requirements, so you'll need a good credit score and at least some equity in your home to refinance. To figure out how much equity you have, subtract the total amount that you owe on all of your existing mortgages from how much you think your home is worth. If your credit is severely impaired or you owe more than the value of your home, you probably won't be able to refinance right now.
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Mortgage Refinancing Help
: Regional: North America: United States: New York: Business and Economy
: Financial Services (10)
 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.
 See also:
 First Tier Bank and Trust »
Provide banking services with location in the Western and Finger Lakes Regions. Includes online banking, rates, products and services, bank news, employment opportunities and online newsletter.
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 NBT Bank »
Offers a full range of financial services including checking accounts, savings accounts, retirement plans, residential mortgages, personal and small business loans, commercial banking and trust and investment services at 37 offices in ten upstate New York counties.
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 Community Bank NA »
Provide banking services throughout Upstate and the Northern Tier. Includes services offered, press releases, current stock prices, online banking, branch map and job opportunities.
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 State Employees Federal Credit Union »
Includes membership information, rates and services.
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 First Niagara »
Full service banking and financial services company. Includes locations, FAQ, services detail, and investor relations information.
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 Sirchia & Cuomo, LLP »
Certified public accountants providing accounting and bookkeeping services, tax planning and consulting. Includes complete list of services, office locations and contact information.
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 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 have bad credit, find a lender who is willing to work with you and offer you reasonable loan terms.
Fees are a hidden cost of many mortgage loans. By law, lenders must disclose fees within three days of a loan application. Fees can go by many names like - document prep fees, courier fees, administrative fees, and more.
Don't rely on published rates. "No one's going to advertise their worst product," says Keith T. Gumbinger of HSH Associates, a Butler, NJ, firm that tracks mortgage rates. "They advertise the best possible rate, which probably gets offered to only the top 10 percent of applicants."
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