Mortgage Refinansing Help

Mortgage Refinancing Help: Nonprofit Resources

“Use a mortgage broker. A mortgage broker will show you mortgage products from different banks and mortgage providers. Pick a mortgage broker carefully. If the broker works directly for a company that offers financial products, make sure he shows you clearly why one of these products is better. Mortgage brokers also get a commission on their sales. Find out what the broker's services include and if he charges any fees. Many brokers do not charge fees beyond their commission. Also check the broker's credentials. ”

Mortgage Refinancing Help : Society: Organizations : Nonprofit Resources (1,240)

It's better to follow the 2% Rule which suggests that you can enjoy the benefits of a home refinance if your mortgage refinance rate is 2% lower than that on your current loan. The interest savings will help you recoup the costs you've paid for the new loan provided you stay in the property for a certain period of time (break-even period). However, there are no-cost as well as low-cost refinance loans wherein the costs are included into the loan. But you can expect comparatively higher rates on such loans. Moreover, these loans are limited when the market is in a credit crunch.

Regional (24)

Mortgage Refinancing Help: Nonprofit Resources ()

See also:

Home: Personal Finance: Philanthropy (11)
Society: Issues: Fraud: Charities (0)
Society: Philanthropy (2,755)

BoardSource »
Seeks to improve the effectiveness of nonprofits by strengthening their boards of directors.

People in Aid »
Promoting best practice in the management and support of international aid personnel.

Charity Channel »
Provides a range of lively e-mail forums discussing issues relevant to non-profits; a non-profit career search service; and reviews of nonprofit books, periodicals and software.

Philanthropy Journal »
Online publication of state, national and international news on fundraising, giving, managing, grant seeking, volunteering, and technology in the nonprofit and philanthropic community, including an email bulletin and job postings.

The Gilbert Center »
Helping nonprofits communicate successfully. Includes online fundraising mailing list.

Future Search »
Network promoting conferences and discussions to help nonprofits pool their resources. Principles, general information, how to join.

Idealist »
Directory of nonprofit web resources: 16,000 organizations in 130 countries; resources for nonprofit managers; computing and the Internet, fundraising and volunteering, accounting and management, legal issues and nonprofit support organizations.

Isoph Corporation »
Online training resource for nonprofit and public organizations, offering individualized training program design as well as standard courses. Course catalog, reviews, newsletter, demos.

Association Works »
Dallas-based consulting firm that provides executive search, relationship assessment, leadership support, and planning services to the nonprofit sector. Also offers keynote and training presentations and online courses.

TechSoup.org »
Technology resource aimed at nonprofit organizations featuring NPO discounts, discussions, articles, and recommendations.

Jewish Organizing Initiative »
Provides Jewish young adults one-year paid fellowships in community organizing. Fellows are trained in organizing skills and educated in Judaism's religious, ethical, and historical tradition of working with groups for social and economic justice.

WeCareToo »
Offers free services to the not-for-profit community including various fundraising programs designed to give the greatest amount possible to charities and other not for profit groups.

Tecschange »
Provides computers, skilled volunteers and training to nonprofit groups in the Boston area and around the world.

Institute for Global Communications »
Provides alternative sources of information as well as online access and comprehensive Internet services for progressive individuals and organizations.

The Grantsmanship Center »
Offers grantsmanship training and low-cost publications to nonprofit organizations and US government agencies.

The Learning Institute for Nonprofit Organizations »
Series of online courses for the nonprofit sector. CEU Credit and a Certificate in Nonprofit Leadership and Management are available upon completion.

NonProphet »
Weblog dealing with nonprofit sector issues.

Soapbox Consulting »
DC-based consulting firm that specializes in training members of nonprofit organizations and national associations how to lobby. Includes a guide to advocacy for nonprofits.

Nonprofit Risk Management Network »
Provides risk management assistance and resources for community-serving nonprofit organizations. Many articles and tutorials.

Faith and Philanthropy Institute »
Supports faith-based and community organizations through training and research. Information on sessions, scholarships, and other programs.

WebSprouts »
Web and computer-related resources for nonprofits including fundraising links, and publications.

HandsNet »
HandsNet empowers organizations to effectively integrate online communications strategies, strengthening their program and policy work on behalf of children, families and people in need.

Internet Nonprofit Center »
Bulletins, links and nonprofit news. Includes Nonprofit Locator and Nonprofit FAQ. Connected to Gilbert Centre/Nonprofit Online News.

Nonprofit Charitable Organizations [About.com] »
Weekly articles and links to resources for nonprofit organizations, including nonprofit managers, donors, fundraisers and volunteers.

PNNOnline »
Daily news and information service for nonprofits, with an emphasis on the United States.

Contentbank.org »
A resource for people developing websites for underserved and low-income communities. Provides best practices information, some content development services.

Association Xpertise »
An assortment of resources for nonprofits, with an emphasis on Canadian organizations. Includes online news articles and a database of links to useful resources, searchable by title, author and year.

Nuts & Bolts Publishing »
Magazine providing non-profit professionals with practical, "how-to" management tips to build a better organization, from fundraising to communications.

Online Nonprofit Information Center »
Details and ordering information for publications on starting and running a nonprofit organization of any size (US focus).

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.

Be Proactive. Your loan representative should keep in contact with you even if there isn't any action on your loan. But do your part to keep the lines of communication open as well. If you don't hear from your loan representative for a few days, pick up the phone and ask for an update. The old adage that the squeaky wheel gets the grease definitely applies in this situation.

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.

For both new buyers and refinancers, it's important to understand what a no-cost mortgage loan or a no-cost refinance loan really means. "No cost" does not mean that closing costs (also known as settlement costs) have been erased. It means that the closing costs will be factored into the interest rate associated with the loan. Of course, this also means that, all other things being equal, the interest rate associated with a no-cost mortgage will always be higher than one where the borrower pays the closing costs up front.