| |
Mortgage Refinancing Help
: Regional: North America: United States: North Carolina: Metro Areas: Asheville Metro: Business and Economy
: Financial Services (6)
 Mortgage can last a lifetime and that extra 1% can add up to literally thousands of dollars over the years. I have friends that are in their 70s and still paying off their home loans. It'll pay off in the long run to make sure you find the best deal possible. Don't let poor credit stop you from refinancing your home.
 See also:
 Johnson, Price & Sprinkle, PA »
Certified public accountants. Includes business and personal services, firm overview, industry specialization. Locations in Asheville, Marion, Hendersonville.
|
 Carolina Mountains Credit Union »
Not-for-profit financial organization. Includes services, loans, fees and rates, member news. Locations in Hendersonville, Penrose and Arden.
|
 Asheville Savings Bank »
An independent, locally managed bank providing personal and business services. Offers online banking, financial calculators and information on accounts.
|
 Toland Hansley & Company, P. A. »
Certified public accountants. Features services, financial tools, owner profiles. Locations in Asheville and Hendersonville.
|
 Forest Commercial Bank »
Serves business clientelle in the metro area. Features commercial, personal, mortgage and online services plus overview of the company. Locations in Asheville and Hendersonville.
|
|
|
 If you have bad credit, find a lender who is willing to work with you and offer you reasonable loan terms.
The length of time that you expect to keep the mortgage helps you determine whether it is worthwhile to pay points up front to reduce your interest rate. Unlike points paid on your original mortgage, points paid to refinance may not be fully deductible on your income taxes in the year they are paid.
If you do not plan on staying in the house very long, refinancing may not be in your best interests.
Refinancing is not the only way to decrease the term of your mortgage. By paying a little extra on principal each month, you will pay off the loan sooner and reduce the term of your loan. For example, adding $50 each month to your principal payment on the 30-year loan above reduces the term by 3 years and saves you more than $27,000 in interest costs.
|
|
