Home Refinancing Decatur 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.

Albany Home Loans Inc
(256) 353-1500
2042 Beltline Rd Sw Ste E316
Decatur, AL
 
Allied Home Mortgage Capital Corporation
(256) 308-9722
2022 Hwy 31 South Suite C
Decatur, AL
 
Goldmine Capital Company LLC
(256) 351-1618
713 6Th Ave Se
Decatur, AL
 
Southwest Funding Lp
(256) 351-0000
401 14Th St Se Ste 2B
Decatur, AL
 
Renasant Bank
(256) 355-4117
1830 Modaus Road
Decatur, AL
 
First Magnus Financial Corp
(256) 353-7878
107 2Nd Ave Ne Ste A
Decatur, AL
 
First Choice Funding Inc
(256) 468-3676
2050 Beltline Rd Sw
Decatur, AL
 
Mortgageamerica Inc
(205) 970-3000
114 Moulton St E
Decatur, AL
 
First American Bank
(256) 340-7073
251 Johnston St Se
Decatur, AL
 
Prime Financial Group Inc
(231) 881-0410
2704 Highway 31 South Ste B
Decatur, 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