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Mortgage Refinancing Help
: Regional: North America: United States: North Carolina: Metro Areas: Asheville Metro: Business and Economy
: Real Estate (15)
 Be Patient. Processing all of the paperwork that's required for a new loan takes time. Be patient while your loan moves through the system. Protect your credit score by paying your bills and making your mortgage payments on time and not taking on any more new debt than you absolutely have to.
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 Beverly-Hanks and Associates »
Offers residential and commercial listings, virtual tour of properties and community and relocation information.
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 Affordable Home Inspections »
Full-service residential inspection company serves several western counties. Features services, staff, fee schedule, FAQs, online report viewing. Based in Swannanoa, NC.
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 Asheville Board of Realtors »
Area news, events, places of interest, rentals, real estate services and builders.
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 AshevilleRent.com »
Features homes, apartments, and condos for rent. Includes FAQs, listings, and contact information.
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 Coldwell Banker Kasey & Associates »
Full service agency. Features property search, mortgage services, community tour, relocation team, office locations. Includes Spanish translation.
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 Cumbie and Trull School of Real Estate »
Offers salesperson and broker courses plus continuing education. Includes class schedules, FAQs, and instructor profiles.
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 Julian Home Inspection, Inc. »
Home inspection and environmental services serving Asheville, Hendersonville, Waynesville, and the Tryon.
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 Accurate Appraisal Services, Inc. »
Serving the greater Asheville area. Features services, company profile, list of clientele, online order form.
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 Altamont Inspections, LLC »
Provides home inspections and radon gas testing. Includes services, service area, reports and rates, FAQs.
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 Carolinas Real Estate Investors Association »
Organization offering education and support for those interested in real property investment. Includes board of directors, mission, newsletter, calendar of events, seminars.
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 Sunburst Realty »
Land and homes for sale, rentals, and local area information. Offices in Waynesville, Asheville and Maggie Valley.
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 Keller Williams Realty »
Offering sales, attorney and mortgage services. Includes agent directory, buyer and seller resources, local area information. Offices in Asheville, Hendersonville and Brevard.
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 Real Estate Weekly »
Online publication features area listings, MLS hot sheet, and information on open houses and mortgage rates.
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 HV Appraisal and Consultation »
Offers appraisals in Buncombe, Haywood, Henderson, and Madison counties. Includes pricing and contact information.
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 Century21 Mountain Lifestyles »
Offers neighborhood information, agent profiles, relocation guide and information for mature movers as well as listings for area properties.
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 When you do a cash-out refinance you are leveraging the equity in your home in order to receive a lump sum of cash at closing. Many individuals and families use this type of loan if they want to remodel their home, or they have kids that are attending college soon. Veterans and other military personnel can now take advantage of a 100% cashout refinance thanks to the Veterans Benefits Improvement Act of 2008.
If you are making payments on a long term loan, say, 30 year mortgage for the past 10 to 20 years, then refinancing to another 30 year loan will not be a good option as it may increase your overall payment.
If you are planning to stay in your home for several years, then you can save money by paying points for lower interest rates. You pay up front fees to ensure you have lower interest payments over the course of your loan. Remember, this only works if you keep your mortgage for several months.
Refinancing may not be that useful if you have already used up 90% or more of your home value in taking out a mortgage or any home equity loan. You won't be able to get the best rates available in the market as when you refinance a 90% LTV loan, you will probably require a loan of that value or higher. This will be quite closer to being a 100% financing option and hence mortgage refinance rates will be comparatively higher. Moreover, 100% loans are hardly available in times of mortgage market crisis.
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