Home Refinancing Arab AL

Homeowners can apply for home refinancing, meaning they can get an entirely new mortgage on their home. This can be advantageous when mortgage interest rates fall below what they were when the original mortgage was taken out. This will result in lower payments and savings over the entire life of the loan. But homeowners must meet certain criteria before they can refinance; homeowners’ credit file will be reviewed, and a title report along with a report on liens on the property will be done, among other things, when the homeowner is going through the application process.

Taylor Mortgage Inc
(256) 582-1125
830 Blount Avenue
Guntersville, AL
 
First Lenders Mortgage Corp
(205) 891-0681
909 Highland Avenue
Albertville, AL
 
Allied Home Mortgage Capital Corporation
(256) 891-0100
8602 Us Highway 431
Albertville, AL
 
Citifinancial
(256) 586-7700
654 11th Avenue Northwest
ARAB, AL
Services
Mortgage Brokers

Arab Mortgage Shoppe
(256) 931-2302
319 Cullman Road
ARAB, AL
Services
Mortgage Brokers

First Magnus Financial Corp
(256) 582-9894
530 Gunter Ave
Guntersville, AL
 
The Mortgage Group Inc
(205) 878-1122
8180 A Us Highway 431
Albertville, AL
 
Wells Fargo - Northgate
(256) 586-7900
1001 N Brindlee Mountain Pkwy
Arab, AL
Type
Branch
Office Hours
Mon-Thu 08:30 AM-04:00 PM
Fri 08:30 AM-05:00 PM
Sat 08:30 AM-12:00 PM
Sun Closed

Evabank
(256) 586-0472
160 North Brindlee Mountain Park
ARAB, AL
Services
Mortgage Brokers

Citizens Bank And Trust
(256) 931-4600
110 South Main Street
Arab, AL
 
Opinion Corner
People in Alabama shared their opinions about Home Mortgage
Do you own or rent a home?
Own: 70%
Rent: 30%
Other: 0%
The recent credit crisis seems to have affected everyone. How has it affected you?
I have lost my home: 0%
I have had to downgrade my home: 21%
I am living paycheck to paycheck: 28%
I have eliminated some of my expenses in order to keep my home: 28%
It has not affected me: 21%
Other: 0%
What is the value of your house in relation to your outstanding mortgage?
I am in the red: 7%
I have some equity in my home: 71%
I own my home outright: 7%
I have no idea: 14%
Other: 0%
Have you been able to take advantage of the lower interest rates and refinance your mortgage?
Yes: 30%
I have tried but have not been successful: 38%
No: 30%
Have your savings/retirement funds been affected?
No, haven’t touched my savings/retirement: 50%
Yes, they were slightly affected: 14%
Yes, they were significantly affected/drained: 35%
Source: Survey.com