|
Owning Real Estate Maintaining Maintenance Schedule Refinancing Refinancing Sources Remodeling Remodel or Sell? Most Common Projects Repairing Finding Professional Help Organizing Budgeting Contact Us
|
When you speak of Real Estate Lenders and refinancing, it can encompass a lot of territory: Banks, Savings and Loans, Credit Unions, exclusive Mortgage Companies, Mortgage Brokers and others. Any of them may be good sources of refinancing, depending on your personal situation.  No matter who you deal
with for your refinance, establish regular lines of communication early in the process. Make sure that you know
how to get in touch with your lender and they know how to get in touch with you quickly. The need for additional
information or documentation will almost surely arise, and the ability to communicate quickly can save a lot of
time and help to avoid potentially disastrous last minute problems!Banks, Savings and Loans, Credit Unions: Their primary business is "Full Service" banking and offer refinancing as part of their product line. This may be your small, local bank, a large national bank, or your Credit Union. Note: Many Credit Unions do not offer mortgage refinancing. If you have a Credit Union available to you, check to see what their policy is. Mortgage Companies: Their primary or exclusive business is the servicing of mortgages. Mortgage companies may be a separate entity, or they may be a subsidiary of a large bank. All will offer some form of refinancing program. Mortgage Brokers: Mortgage Brokers do not do the actual lending, but act as a middleman between you and the lender. They can do the loan shopping for you, since they will represent several--or many--different lenders. Online Resources: Another great source of refinancing is |
|
