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Mortgage Refinancing Help: Venture Capital
“Lenders like pristine credit reports. If you have a bunch of open credit card accounts that you never use (and who doesn't?), consider closing them. It will boost your credit score and make you a much more attractive borrower to a lender. Then, a month after you've closed your accounts, go over your credit report with a fine-tooth comb. It should read that the accounts were closed at your request. (You don't want lenders to think someone cut you off and that you're a bad credit risk.)
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Mortgage Refinancing Help
: Society: Philanthropy: Social Enterprise
: Venture Capital (11)
 Be Prepared. You'll probably be asked for more information and documentation after you submit your application, but before your loan is approved be prepared to document your income and assets. Answer any questions and fax documentation to your loan representative as soon as possible.
 Philanthropic Ventures Foundation »
Works with individuals, families, businesses and foundations, serving their philanthropic needs as well as initiating giving programs, anywhere in the world.
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 NESsT »
Works to solve critical social problems in emerging democracies by developing and supporting enterprises that strengthen civil society organizations' financial sustainability and maximize their impact.
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 EnterpriseWorks Worldwide »
A non-profit organization that fights poverty in the developing world through business development programs for small agricultural producers and other entrepreneurs.
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 Benetech »
Non-profit social entrepreneurial venture harnessing the power of technology for social benefit.
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 The Charitable Venture Foundation »
Awards grants, loans and technical assistance to charitable organizations; list of funding criteria and description of the application process available.
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 New Profit Inc. »
A non-profit venture philanthropy fund that invests in social entrepreneurs.
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 Ashoka: Innovators for the Public »
Ashoka is a global organization that identifies and invests in leading social entrepreneurs -- individuals with innovative and practical ideas for solving social problems.
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 Equity for Africa »
Social investment in small businesses in Africa to enable sustainable employment creation.
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 Acumen Fund »
Supports enterprises that increase income, increase assets and create jobs for the four billion people on earth who earn a few dollars a day.
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 Echoing Green »
Global nonprofit that provides seed funding and technical assistance to emerging social entrepreneurs with ideas for social change.
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 Global Social Venture Competition »
A global MBA student business plan competition for social ventures, organizations that not only create profits, but also a social or environmental return on investment. History and vision, submission forms, and resource library included.
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 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.
Once you know the reason for refinancing, you should ask your mortgage specialist whether or not it would be beneficial for you to refinance at this time or whether it may be more beneficial to wait.
If you want to make sure the interest rate your lender offers you is the rate you get when you close the loan, ask about a mortgage lock-in (also called a rate lock or rate commitment). Any lock-in promise should be in writing. Make sure your lender explains any costs or obligations before you sign.
If you are refinancing from one ARM to another, check the initial rate and the fully-indexed rate. Also ask about the rate adjustments you might face over the term of the loan.
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