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

US Bank - Iowa City Office
(319) 356-9000
204 E Washington St
Iowa City, IA
Drive Up Hours
Mon 08:30 am to 05:00 pm
Tue 08:30 am to 05:00 pm
Wed 08:30 am to 05:00 pm
Thur 08:30 am to 05:00 pm
Fri 08:30 am to 05:30 pm
Sat 08:30 am to 12:00 pm

Midwestone Bank
(319) 356-5838
325 S Clinton St
Iowa City, IA
 
Great Midwest Mortgage
(319) 358-8118
2346 Mormon Trek Blvd Ste 1000
Iowa City, IA
 
US Bank - Iowa City Towncrest Office
(319) 356-9013
1117 William St
Iowa City, IA
Drive Up Hours
Mon 09:00 am to 05:00 pm
Tue 09:00 am to 05:00 pm
Wed 09:00 am to 05:00 pm
Thur 09:00 am to 05:00 pm
Fri 09:00 am to 05:30 pm
Sat 09:00 am to 12:00 pm

Commercial Federal Bank
(319) 338-9751
301 South Clinton Street
IOWA CITY, IA
Services
Mortgage Brokers

West Bank Main Ofc
(319) 351-4121
229 South Dubuque Street
Iowa City, IA
 
Hills Bank and Trust Company
(319) 338-1277
1401 South Gilbert Street
IOWA CITY, IA
Services
Mortgage Brokers

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