Home Refinancing Champaign IL

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.

Summit First Financial LLC
(217) 355-3800
2009 Fox Dr Ste A
Champaign, IL
 
American Home Mortgage Corp
(217) 403-1750
1704 S Neil St Ste A
Champaign, IL
 
Home123 Corporation
(217) 355-2710
2151 S Neil St
Champaign, IL
 
Busey Bank
(217) 326-5246
909 W Kirby Ave
Champaign, IL
 
First Magnus Financial Corp
(217) 355-0826
2917 Crossing Ct Ste B1
Champaign, IL
 
Revere Mortgage Ltd
(217) 359-9386
2500 Galen Dr
Champaign, IL
 
Associated Capital Mortgage LLC
(217) 403-3455
2506 Galen Drive
Champaign, IL
 
Main Street Bank And Trust
(217) 351-6500
100 West University Avenue
Champaign, IL
 
Integrity Mortgage Services Inc
(217) 403-1725
1806 Round Barn Road
Champaign, IL
 
Premier Mortgage Funding Inc
(217) 893-3800
1271 E Grove Ave
Rantoul, IL
 
Opinion Corner
People in Illinois shared their opinions about Home Mortgage
Do you own or rent a home?
Own: 73%
Rent: 20%
Other: 6%
The recent credit crisis seems to have affected everyone. How has it affected you?
I have lost my home: 3%
I have had to downgrade my home: 7%
I am living paycheck to paycheck: 45%
I have eliminated some of my expenses in order to keep my home: 17%
It has not affected me: 22%
Other: 3%
What is the value of your house in relation to your outstanding mortgage?
I am in the red: 32%
I have some equity in my home: 56%
I own my home outright: 7%
I have no idea: 3%
Other: 0%
Have you been able to take advantage of the lower interest rates and refinance your mortgage?
Yes: 35%
I have tried but have not been successful: 27%
No: 37%
Have your savings/retirement funds been affected?
No, haven’t touched my savings/retirement: 43%
Yes, they were slightly affected: 33%
Yes, they were significantly affected/drained: 22%
Source: Survey.com