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Mortgage Refinancing Help: Financial Services
“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.
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Mortgage Refinancing Help
: Regional: North America: United States: Ohio: Business and Economy
: Financial Services (11)
 Resist "no cost" refinancing. No cost doesn't mean free. On the contrary: The closing costs are usually bundled into the new mortgage, which means you pay interest on them. The fees associated with a 30-year mortgage could cost you more than double what they would have had you simply written a check for them at closing. Or, if the costs aren't bundled in, you'll be charged a slightly higher interest rate. Either way, the lender wins.
 See also:
 The Health Plan »
A locally owned and operated managed health care organization serving over 75,000 members, and large and small employers in northern Ohio.
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 Cohen & Company »
Certified public accountants. Includes list of services and locations throughout Ohio.
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 SS&G Financial Services, Inc. »
Accounting firm specializing in traditional accounting, auditing, small business and tax services.
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 Union National Mortgage Co. »
Concentrates on providing mortgage products and alternatives to the traditional banking system. Includes list of locations.
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 AdvantageBank »
Information on their services and loans and a list of locations.
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 Clark, Schaefer, Hackett & Co. »
Providing business consulting, tax and accounting services. Includes list of locations throughout Ohio.
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 Ohio Public Employees Retirement System (OPERS) »
Provides retirement, disability and survivor benefits, and administers health care programs. Includes information, forms and FAQs for employees, retirees and employers.
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 Rea & Associates, Inc. »
Accounting and business consulting firm with eight Ohio locations.
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 Ohio Chapter - Turnaround Management Association »
Turnaround Management Association
- Dedicated to the development of a stronger economy through the restoration of corporate value. Offering services in interim management, crisis management, bankruptcy and corporate renewal.
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 School Employees Retirement System of Ohio (SERS) »
State pension plan for Ohio's non-teaching public school employees.
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 Park National Bank »
Provides personal and business banking from offices in central and southwest Ohio.
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 You can also save money on your mortgage refinancing by paying "points." This is a fee that effectively lowers the interest rate of your loan. If you plan on staying in your home for a long time, this long-term strategy can be an excellent way to save thousands of dollars.
If you want to make sure the interest rate your lender offers you is the rate you get when you close the loan, ask about a mortgage lock-in (also called a rate lock or rate commitment). Any lock-in promise should be in writing. Make sure your lender explains any costs or obligations before you sign.
Refinacing your mortgage can allow you to take cash out of the equity which you have built in your home. You can pay off your higher interest debts and pay all of your debts at a lower interest rate. This will allow you to save money on a monthly basis and achieve your financial security.
Get your interest rate and closing costs in writing as soon as you decide on a lender to work with. Get your lender to give you a commitment in advance of all of the costs that will be involved with your loan. Find out if the refinance loan you are getting has a pre-payment penalty as well. Sometimes lenders will leave out important information like this, if they think it might scare you away from refinancing with them.
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