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Mortgage Refinancing Help: Financial Services
“If your monthly payment on a fixed-rate loan includes escrow amounts for taxes and insurance, your payment each month could change over time due to changes in property taxes, insurance, or community association fees.
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Mortgage Refinancing Help
: Regional: North America: United States: South Carolina: Metro Areas and Regions: Florence Metro: Business and Economy
: Financial Services (7)
 Don't fall for the 0% apr unless it fits in with your master plan. A lot of brokers will try to get you locked into a low interest rate that will balloon on you in a couple of years and leave you out on the street.
 See also:
 Anderson Brothers Bank »
Community bank headquartered in Mullins with additional offices in Florence, Hemingway, Aynor, and Conway. Find out about checking, savings, and mortgage products or sign up for e-banking.
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 Pee Dee Farm Credit »
Provides loans for agriculture and country living; includes details on products and services, locations, and related links.
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 Health Facilities Federal Credit Union »
Provides savings and loan services to individual and business members; includes profile, details on products and services, and account access. Locations in Marion and Florence.
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 SPC Cooperative Credit Union »
Membership open to anyone who lives, works, or attends school in Darlington, Florence, or Marlboro Counties. Find out about savings and checking products, loan rates, and repos for sale.
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 Williamsburg First National Bank »
Provides details on locations, banking services, and loans. Headquartered in Kingstree with branches in Hemingway and Florence.
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 The Citizens Bank »
Find out about business and consumer accounts from locations in Olanta, Lake City, Lynchburg, Pawleys Island, Scranton, St.George, Sumter, Timmonsville, and Turbeville.
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 Mutual Savings Bank »
Community bank based in Hartsville with additional locations in Darlington, Bennettsville, and Florence. Includes details on personal and business accounts, maps, and related links.
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 There are literally thousands of mortgage companies all over the country. It is important that you choose a reputable one. Most reputable companies will be part of the Better Business Bureau or other community watchdog group. Good companies will also have websites that rank well on search engines such as Yahoo and Google.
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.
Close inactive credit card accounts to improve your credit score, making you eligible for lower interest rate loans. You will need to notify the credit card companies in writing that you wish the accounts closed on your request. Next, check your credit report after 30 days to be sure closed accounts include the comment "Closed at Customer's Request." You want future lenders to know it was your request and not bad credit that closed your accounts. Also, take the time to check for any mistakes in your credit report that could negatively impact your credit score.
When evaluating different lender offers, in the mortgage loan pre-approval process, pay closest attention to the interest rates they are offering & the closing costs. These are the two biggest factors that will help you figure out which lender is right for you. If one of these two factors is too high, it could offset the benefit of refinancing for you.
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