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
Midwest Custom Mortgage Inc
(847) 649-8850
2250 Point Blvd Ste 101
Elgin, IL
Elgin State Bank
(847) 888-7950
1001 S Randall Road
Elgin, IL
Mr. Corwin S. Freeman (RFC®), CEP, CSA, LUTCF
(847) 888-3888
14 North 555 Tyrrell Road
Elgin, IL
Valley Estate Planners, Ltd.
Education: AA
Years of Experience: 40
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Retirement Planning, Seminars Work, Employee Benefits, Mortgage Loans, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Charitable Planning, Education Plan, Healthcare Accounts, Charitable Foundations, Asset Protection, BuySell, Compensation Plans

Data Provided by:
Countrywide Home Loans Inc
(847) 695-4092
1837 Larkin Avenue
Elgin, IL
Ameritrust Mortgage Corp
(815) 459-7303
980 N Mclean Blvd
Elgin, IL
M And T Mortgage Corporation
(847) 742-9200
630 Tollgate Rd
Elgin, IL
Security Financial Group Inc
(847) 531-7359
565 Tollgate Rd Ste E
Elgin, IL
Vip Mortgage Group Inc
(847) 622-6800
1530 N Randall Rd Ste 202
Elgin, IL
First Horizon Home Loan Corporation
(847) 844-8640
2230 Point Blvd
Elgin, IL
Data Provided by:
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