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Mortgage Refinancing Help
: Regional: North America: United States: Regions: Midwest: Business and Economy
: Financial Services (7)
Short-term mortgages offer lower interest rates than long-term mortgages. You save money by the lower interest rates and shorter payment period. The trade off is a larger monthly payment, but this option can save you thousands.
 See also:
Taylor, Rees & Company » Providing financial, accounting, and income tax planning services. Located in Aledo, Illinois, and Muscatine, Iowa.
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Thrivent Financial for Lutherans » Fraternal benefit society providing insurance protection and opportunities for members to help themselves and others through a national network. Offices in Appleton, Wisconsin and Minneapolis, Minnesota with branches nationwide.
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Hartford Financial Services » Providing mortgage and finance services for Illinois, Wisconsin, Iowa and Indiana. Offices in Skokie, Illinois and Brookfield, Wisconsin.
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Auto Credit Express » Auto loans for consumers with bankruptcy or bad credit through loan centers located inside select new car dealerships in Michigan and Ohio.
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R.I.A. Federal Credit Union » Membership for and locations in parts of Illinois, Iowa and Wisconsin. Information about products, services and online banking.
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Kerber, Eck & Braeckel » Full-service accounting and consulting firm with offices in six Midwestern cities and serving a wide range of clients nationwide, from individuals to large corporations, businesses to not-for-profit organizations.
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If your new mortgage rate seems too good to be true then it probably is. Check for hidden fees in your mortgage that will make up that suspicious difference.
Ask the lender or broker for a comparison of the up-front costs, principal, rate, and payments with and without this rate trade-off.
When refinancing a mortgage, as many as 30% of homeowner's cash out part or all of their home's equity. By investing in home improvements or paying off credit cards, this can be a smart. But, if you are borrowing more than 80% of your home's value, you will be hit with private mortgage insurance, costing you hundreds a year.
Be Inquisitive. It's your responsibility to make sure that you understand the terms of your loan. Ask questions and listen carefully to the answers. Don't sign your loan documents until you are satisfied with the information and confident that you have made the right decision.
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