Home Refinancing Hobbs 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.

Lea County State Bank
(505) 397-4511
1017 North Turner
Hobbs, NM
 
Bank of America - Hobbs Main
(575) 393-1511
325 E. Bender Blvd.
Hobbs, NM
Type
Banking Center
Services
Banking Center Services: Change Order, Commercial Deposits, Night Deposits
Outdoor ATM Services: Open 24 Hours, Talking ATM, Braille, Accepts Deposits, Drive Up, Deposit Image
Languages
English, Spanish, Chinese, Korean, French, Russian, Portuguese
Office Hours
Monday 9-4
Tuesday 9-4
Wednesday 9-4
Thursday 9-4
Friday 9-5
Saturday 9-12
Sunday Closed

Lea County State Bank
(575) 397-6603
1017 N Turner St
Hobbs, NM
 
Hobbs New Mexico Mortgage
(505) 391-7881
1601 North Turner Street Suite 241
HOBBS, NM
Services
Mortgage Brokers

Lea County State Bank Mortgage Department
(505) 397-6624
1017 North Turner Street
Hobbs, NM
 
Pioneer Bank
(505) 393-2102
1020 North Turner
Hobbs, NM
 
Lea County State Bank - Mortgage Department
(505) 397-6624
1017 North Turner Street
HOBBS, NM
Services
Mortgage Brokers

Newtex Mortgages
(505) 738-8300
2827 North Dal Paso
HOBBS, NM
Services
Mortgage Brokers

Bank Of America
(505) 393-1511
325 E Bender Blvd
HOBBS, NM
Services
Mortgage Brokers

Pioneer Bank
(505) 393-2102
1020 North Turner
Hobbs, NM
 
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