Home Refinancing Elgin 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.

Freedom Mortgage Team Inc
(847) 531-8000
166 E Highland Ave
Elgin, IL
 
Countrywide Home Loans Inc
(847) 695-4092
1837 Larkin Avenue
Elgin, IL
 
Elgin State Bank
(847) 888-7950
1001 S Randall Road
Elgin, IL
 
Security Financial Group Inc
(847) 531-7359
565 Tollgate Rd Ste E
Elgin, IL
 
Ameritrust Mortgage Corp
(815) 459-7303
980 N Mclean Blvd
Elgin, IL
 
First Horizon Home Loan Corporation
(847) 844-8640
2230 Point Blvd
Elgin, IL
 
Direct Mortgage Corporation
(847) 622-0564
2090 Larkin
Elgin, IL
 
Gmac Mortgage LLC
(847) 240-1200
2205 Point Boulevard
Elgin, IL
 
First Magnus Financial Corp
(847) 548-3289
1814 Grandstand Pl
Elgin, IL
 
M And T Mortgage Corporation
(847) 742-9200
630 Tollgate Rd
Elgin, 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