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Mortgage Refinancing Help
: Society: Law: Services: Expert Witnesses: Financial
: Appraisal and Valuation (82)
 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.
 See also:
 Gustavson Associates, Inc. »
Colorado firm, providing evaluation of geologic and mineable reserves, including economic evaluations and appraisals, financial models and projection.
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 Resource Technologies Corporation »
Pennsylvania firm, offering management consulting, and appraisal of commercial, residential and industrial properties and natural resources.
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 SEAK, Inc. »
Publisher of books, video, audiotapes and directories on appraisal-related subjects pertaining to expert witness testimony.
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 Tapanen Group, Inc. »
Oregon firm, providing appraisal and business valuation services for the business and legal community.
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 Geolat & Associates, Inc. »
Appraisal services for jewelry, fine art, antiques, and collectibles. Based in Dallas, Texas.
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 Mineral Business Appraisal »
Nevada firm, providing mineral property and mining business valuation services.
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 Valuation Specialists »
Appraisal and consulting firm provides business, machinery and equipment, and real property appraisals. Offices in Wisconsin and Minnesota.
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 Nacomex »
Expert consulting, appraisal, and residual valuation forecasts of computer hardware for litigation, property tax appeals and leasing disputes
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 JustPENSIONS »
Providing actuarial and legal services for the disposition of retirement benefits in marriage dissolutions. Based in Reno, Nevada.
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 Associated Geologists, Inc. »
Mineral property, mine and quarry appraisals, and highest and best use evaluations. Based in Illinois.
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 Anderson McKenzie Ingram »
Valuers and surveyors, specializing in medical practices, rent reviews, dilapidation disputes, arbitration, and rating appeals. Acting throughout the UK for commercial tenants.
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 The Appraisal Foundation »
Authorized by Congress as the Source of Appraisal Standards and Appraiser Qualifications. Publisher of USPAP (Uniform Standards of Professional Appraisal Practice)
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 AGM and Associates »
Valuation consultants for closely-held businesses, domain names, and real estate. Based in Glendale, California.
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 Appraise USA »
Provides real estate and business appraisals nationally and internationally. Located in Washington DC
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 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.
Ask the lender or broker for a comparison of the up-front costs, principal, rate, and payments with and without this rate trade-off.
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.
Ask for the reissue rate on your title work. If you've taken a mortgage within the past two years, or are using the same lender, you might be granted this option, which can save you as much as 70 percent on your title work. An editor at this magazine didn't know about this potential savings when he refinanced his mortgage; fortunately his lawyer did. The savings more than covered the attorney's fees. However, if it's been several years since you took out a home loan, or if you're using a new lender, you'll likely have to pay for a new title.
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