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Mortgage Refinancing Help
: Regional: North America: United States: Washington: Localities: E: Everett: Business and Economy
: Financial Services (12)
 Ask for more than just rates. Bad loan officers will tell you anything to keep you on the phone -- then change the details to suit them later. Instead, make them get real with you! Ask how long they've been in the industry. Probe them about their experience in the industry. Also, ask what their opinion is on the current market and where it's going.
 See also:
 Toyer & Associates, Inc., P.S. »
Certified Public Accountants offering services to individual and business clients.
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 Frontier Bank »
Community bank with branches throughout Washington.
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 Kirk Williams Group »
They offer mortgage loan, real estate, and financial investment services.
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 Everett Senior Resources »
Business professionals provide guidance on aging, elder care, estate planning, immediate annuities, retirement communities, and wills.
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 Bond Street Wealth Management »
An independent, private Investment Advisor dedicated to real gains, low fees, and an environment where everyone is treated well, regardless of account size.
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 Mark Iffrig, CPA »
CPA and consultant providing tax, accounting and small business consulting services.
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 Coastal Community Bank »
They provide locally owned business owners and community minded families with financial services, including money management, commercial, and personal loans.
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 Whitfield's United Insurance Agencies, Inc. »
An independent insurance agency and commercial insurance broker, with seven offices in Puget Sound.
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 Cascade Bank »
Full service community bank offering a wide range of banking solutions to the residents of the Puget Sound region.
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 Sentry Credit Inc. »
A full-service collection agency emphasizing the use of technology to improve their services.
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 MountainCrest Credit Union »
Membership open to anyone living, working or worshiping in Washington state.
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 All City Credit Union »
Offers banking services to anyone who lives in any city in the state. Includes services, rates, loans and locations in Everett, Lynnwood and Marysville.
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 The length of time that you expect to keep the mortgage helps you determine whether it is worthwhile to pay points up front to reduce your interest rate. Unlike points paid on your original mortgage, points paid to refinance may not be fully deductible on your income taxes in the year they are paid.
Many companies in this industry will do what ever they can to get away with charging you as much as they possibly can. Some of the ways they do this is not disclosing all the third party fees involved in a loan such as title insurance, appraisals, pre-paid tax and insurance escrows etc. It is important that you ask the loan officer you're speaking with about third party fees. If you don't they may not tell you and give you a good faith estimate that sounds fair, but at closing you'll find out that you have to pay a couple of thousand dollars more in fees you were unaware of. A good loan officer at a reputable company should have no problem disclosing all fees that pertain to your loan and should also make sure you understand what the fees are for.
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.
If you are able to get a lower rate that what you currently have, you can save tens of thousands of dollars over the life of your loan. Also, most lenders don't charge as many fees to refinance a mortgage and depending on how much equity you have in your home you may be able to roll the closing costs into your new loan, still have a lower balance than your original loan, a lower rate, and a lower payment.
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