Home Refinancing Farmington NM

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.

Citizens Bank
(505) 599-0100
500 West Broadway
Farmington, NM
 
San Juan Mortgage Inc
(505) 325-0040
234 N Schwartz Ave
Farmington, NM
 
Vectra Bank
(505) 326-4341
2000 East 20Th Street
Farmington, NM
 
Mortgage Solutions Of Colorado LLC
(505) 598-0789
9 County Road 6405
Kirtland, NM
 
New Mexico Title Co
(505) 325-1818
2404 West Main Street
Farmington, NM
 
Fairway Independent Mortgage Corporation
(877) 660-7043
106C W Main St
Farmington, NM
 
Quality Financial Services
(505) 327-2435
216 N Auburn Ave
Farmington, NM
 
First Magnus Financial Corp
(520) 618-9221
108 N Behrend Ave Ste I
Farmington, NM
 
Securitybanc Corporation
(505) 634-1466
253 County Road 4990
Bloomfield, NM
 
Yokie Mortgage Corporation
(505) 325-7625
1909 East 20th Street Suite 6
FARMINGTON, NM
Services
Mortgage Brokers

Opinion Corner
People in New Mexico shared their opinions about Home Mortgage
Do you own or rent a home?
Own: 57%
Rent: 42%
Other: 0%
The recent credit crisis seems to have affected everyone. How has it affected you?
I have lost my home: 25%
I have had to downgrade my home: 0%
I am living paycheck to paycheck: 75%
I have eliminated some of my expenses in order to keep my home: 0%
It has not affected me: 0%
Other: 0%
What is the value of your house in relation to your outstanding mortgage?
I am in the red: 0%
I have some equity in my home: 33%
I own my home outright: 33%
I have no idea: 33%
Other: 0%
Have you been able to take advantage of the lower interest rates and refinance your mortgage?
Yes: 50%
I have tried but have not been successful: 0%
No: 50%
Have your savings/retirement funds been affected?
No, haven’t touched my savings/retirement: 0%
Yes, they were slightly affected: 25%
Yes, they were significantly affected/drained: 75%
Source: Survey.com