Tags: refinance | sources | best | loans | refinance sources | sources of refinance | mortgage refinance online sources

Top 10 Sources for Home Refinancing

Wednesday, 10 Nov 2010 12:18 PM

What is home refinancing?
If you obtain a new first mortgage on your real estate, you have gone in for home refinancing. In other words, you are trading in an old first mortgage for a new first mortgage — much the same way you trade in your old car for a new one.
Best Refinance Sources
Before deciding on the best refinance source for you, do some comparison shopping. Collect quotes from as many sources of refinance as possible. If the lender has been assigned a good rating by the Better Business Bureau, then you will know you are safe with the lender. Some industry-specific publications come out with lists of such lenders periodically.
Approach some of the lenders or sources of refinance like mortgages, credit unions, banks, mortgage consultants, direct mortgage lenders, and mortgage bankers. If your repayment record with the present lender is good, you can obtain cheap and easy refinance. With the help of a reliable financial institution, you can get a fair picture of your present financial situation. You can find out the costs associated with the refinance by interacting with the financial institution.
If the interest rate is not going to get lower even after the negotiations, it is better for you to postpone your decision to seek refinance. Seeking refinance when the interest rate begins to fall is sensible.
Mortgage Refinance Online Sources
There are certain advantages if you seek mortgage refinance from mortgage refinance online sources or companies. You can do everything over the phone or online. You can even chat or use e-mail. The company will match you with the mortgage banker. For example, the "quickenloans" website has been assigned a good rating by the Better Business Bureau. The National Mortgage News has recognized it as the top online lender in the U.S.
The Top Ten Sources for Home Equity Loans
The following are the top ten sources for home equity loans:
  1. Wells Fargo Mortgage Rates
  2. Chase Mortgage
  3. Citibank Mortgage
  4. Countrywide Home Loans
  5. National City Mortgage
  6. GMAC Mortgage
  7. Downey Savings
  8. PenFed Credit Union
  9. Amerisave
  10. Best Possible Mortgage

© Newsmax. All rights reserved.

PLEASE NOTE: All information presented on Newsmax.com is for informational purposes only. It is not specific medical advice for any individual. All answers to reader questions are provided for informational purposes only. All information presented on our websites should not be construed as medical consultation or instruction. You should take no action solely on the basis of this publication’s contents. Readers are advised to consult a health professional about any issue regarding their health and well-being. While the information found on our websites is believed to be sensible and accurate based on the author’s best judgment, readers who fail to seek counsel from appropriate health professionals assume risk of any potential ill effects. The opinions expressed in Newsmaxhealth.com and Newsmax.com do not necessarily reflect those of Newsmax Media. Please note that this advice is generic and not specific to any individual. You should consult with your doctor before undertaking any medical or nutritional course of action.

Keeping you up to speed on Lifestyle, health, and money-saving tips
Get me on Fast Features
Keeping you up to speed on Lifestyle, health, and money-saving tips
Zip Code:
Privacy: We never share your email.
Follow Newsmax
Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved