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Mortgage Refinancing Help
: Regional: North America: United States: Regions: South and Southeast: Business and Economy
: Financial Services (11)
 When lenders offer a "no-cost" loan, they may include a prepayment penalty to discourage you from refinancing within the first few years of the loan. Ask the lender offering a no-cost loan to explain all the fees and penalties before you agree to these terms.
 See also:
 Decosimo »
Regional accounting firm providing a full range of CPA, corporate finance, investment management, and related services, with offices in Chattanooga, Memphis, Atlanta, Cincinnati, and Dalton, GA.
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 Pioneer Credit Company »
Provides home loans, debt consolidation, and related services, with local offices in Tennessee, Alabama, Mississippi, Georgia, Kentucky, Louisiana, and Texas.
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 Allen C. Ewing and Company »
Investment banking firm; account access, services, and employment opportunities.
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 Cadence »
Offers banking, insurance, trust, mortgage, and investment services in East Mississippi, West Alabama and the Memphis area. Locations, information about products and services, contact information, and online banking access.
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 Frontier Financial Partners, LLC »
Offers independent, fee-only financial planning and investment services. Includes team profiles, map and directions. Located in Tennessee, Kentucky, and Virginia.
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 The Capital Corporation »
Assists middle-market companies in mergers, acquisitions and business financing; includes profile, locations, and company history.
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 Dixon Hughes »
CPA firm provides accounting, tax, litigation, and consulting support for corporations. Headquartered in Asheville and with offices around the south eastern United States.
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 Shoemaker Financial »
Advisory service offers estate, protection, investment planning, individual and business financial planning, and retirement services in west Tennessee, Mississippi, and Indiana.
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 Branch Banking & Trust Company »
Financial holding company operating banking subsidiaries in several southern states.
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 Regions Bank »
Find locations from Texas to Florida to Virginia; includes details on personal and business banking services, account access, and career opportunities.
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 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.
Many people with poor credit history look to take out loans from friends and family. While this may be a fairly good short term solution, it might not be the smartest of long term business moves. What you need to do is refinance your mortgage and lower your payment. The best thing you can do for yourself is to shop around. I'd be willing to bet that some banks will give you a better deal on a mortgage refinancing than you think they would. Find out who's got the best rate to get the best deal on your loan. This might take a little legwork, but it could pay off. Finding that right bank to give you the right deal on your refinancing will be worth the effort.
These days most people request a Good Faith Estimate (GFE), but have no clue what to look for on the GFE. Make sure you request a GFE that has ALL fees estimated and disclosed. This includes: origination points, processing, lender, appraisal, title, escrow... ALL FEES... especially the Yield Spread Premium or YSP.
Refinancing a mortgage means the owners are paying off their existing mortgage and replacing that mortgage with a new loan. Generally, the costs associated with mortgage refinancing are rolled into the loan, meaning they are added to the existing balance, increasing the loan amount.
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