Home Refinancing Iowa City IA

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.

Iowa State Bank And Trust Co
(319) 356-5960
102 South Clinton St
Iowa City, IA
 
First Equity Lending Inc
(866) 215-5450
2014 Klouda Rd
Ely, IA
 
West Bank Main Ofc
(319) 351-4121
229 South Dubuque Street
Iowa City, IA
 
Commercial Federal Bank
(319) 338-9751
301 South Clinton Street
IOWA CITY, IA
Services
Mortgage Brokers

Mercantile Bank Iowa City Locations Downtown
(319) 356-9000
204 East Washington Street
Iowa City, IA
 
Great Midwest Mortgage
(319) 358-8118
2346 Mormon Trek Blvd Ste 1000
Iowa City, IA
 
University of Iowa Community Credit Union
(319) 339-1000
500 Iowa Avenue
IOWA CITY, IA
Services
Mortgage Brokers

I SB Financial Corporation
(319) 356-5800
102 South Clinton Street
IOWA CITY, IA
Services
Mortgage Brokers

West Bank Branch Office
(319) 354-1693
1910 Lower Muscatine Road
Iowa City, IA
 
Reliance Settlement And Escrow Llc
(319) 354-6505
725 South Clinton Street Suite C
Iowa City, IA
 
Opinion Corner
People in Iowa shared their opinions about Home Mortgage
Do you own or rent a home?
Own: 80%
Rent: 20%
Other: 0%
The recent credit crisis seems to have affected everyone. How has it affected you?
I have lost my home: 0%
I have had to downgrade my home: 12%
I am living paycheck to paycheck: 25%
I have eliminated some of my expenses in order to keep my home: 50%
It has not affected me: 12%
Other: 0%
What is the value of your house in relation to your outstanding mortgage?
I am in the red: 12%
I have some equity in my home: 62%
I own my home outright: 25%
I have no idea: 0%
Other: 0%
Have you been able to take advantage of the lower interest rates and refinance your mortgage?
Yes: 66%
I have tried but have not been successful: 16%
No: 16%
Have your savings/retirement funds been affected?
No, haven’t touched my savings/retirement: 62%
Yes, they were slightly affected: 25%
Yes, they were significantly affected/drained: 12%
Source: Survey.com