Home Refinancing Mankato MN

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.

Minnesota Valley Federal Credit Union
(507) 387-3055
1640 Adams Street
Mankato, MN
 
Community Bank Vernon Center
(507) 625-1551
951 Madison Avenue
Mankato, MN
 
Prime Source Funding Inc
(507) 385-6000
50 Navaho Ave
Mankato, MN
 
Prime Source Funding Inc
(507) 934-8068
419 South Minnesota Avenue
St Peter, MN
 
First Federal
(507) 388-4951
2010 Adams Street
MANKATO, MN
Services
Mortgage Brokers

Rural American - Noth Mankato
(507) 345-5043
245 Belgrade Avenue
North Mankato, MN
 
Northern Star Bank
(507) 387-2265
1650 Madison Avenue
Mankato, MN
 
Solutions Funding Inc
(507) 344-4540
600 Reed St
Mankato, MN
 
KIDD Terri RL Estate
(507) 625-2400
422 Park Lane
MANKATO, MN
Services
Mortgage Brokers

Liberty One Mortgage Services LLC
(507) 625-6131
12 Civic Center Plaza Suite 2155
MANKATO, MN
Services
Mortgage Brokers

Opinion Corner
People in Minnesota shared their opinions about Home Mortgage
Do you own or rent a home?
Own: 57%
Rent: 40%
Other: 2%
The recent credit crisis seems to have affected everyone. How has it affected you?
I have lost my home: 5%
I have had to downgrade my home: 5%
I am living paycheck to paycheck: 40%
I have eliminated some of my expenses in order to keep my home: 10%
It has not affected me: 35%
Other: 5%
What is the value of your house in relation to your outstanding mortgage?
I am in the red: 42%
I have some equity in my home: 15%
I own my home outright: 15%
I have no idea: 21%
Other: 5%
Have you been able to take advantage of the lower interest rates and refinance your mortgage?
Yes: 31%
I have tried but have not been successful: 18%
No: 50%
Have your savings/retirement funds been affected?
No, haven’t touched my savings/retirement: 40%
Yes, they were slightly affected: 25%
Yes, they were significantly affected/drained: 35%
Source: Survey.com