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
 
Charter Mortgage
(505) 397-3344
1601 North Turner Street Suite 102
HOBBS, NM
Services
Mortgage Brokers

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

Cendera Funding Inc
(575) 392-7817
2205 N Gary Ln
Hobbs, NM
 
Pioneer Bank
(505) 393-2102
1020 North Turner
Hobbs, NM
 
Financial Resources
(505) 392-4853
2 Fairmont Court
HOBBS, NM
Services
Mortgage Brokers

Western Commerce Bank
(505) 397-3281
2224 North Turner Street
HOBBS, NM
Services
Mortgage Brokers

Pioneer Bank
(505) 393-2102
1020 North Turner
Hobbs, NM
 
Lea County State Bank
(575) 397-6603
1017 N Turner St
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