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.

First Magnus Financial Corp
(256) 582-9894
530 Gunter Ave
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
 
Arab Mortgage Shoppe
(256) 931-2302
319 Cullman Road
ARAB, AL
Services
Mortgage Brokers

1st Franklin Financial
(256) 586-9302
980 North Brindlee Mountain Park
ARAB, AL
Services
Mortgage Brokers

Taylor Mortgage Inc
(256) 582-1125
830 Blount Avenue
Guntersville, AL
 
The Mortgage Group Inc
(205) 878-1122
8180 A Us Highway 431
Albertville, AL
 
Citizens Bank And Trust
(256) 931-4600
110 South Main Street
Arab, AL
 
Creative Mortgage Services Incorporated
(256) 586-2636
12 4th Avenue Northwest
ARAB, AL
Services
Mortgage Brokers

Allstate Insurance
(256) 586-1244
33 Golfview Drive Northeast
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