Home Refinancing Mitchell SD

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.

First Dakota National Bank
(605) 996-3364
500 E Norway
Mitchell, SD
 
Mortgage Associates of Mitchell
(605) 995-1029
100 West 5th Avenue
MITCHELL, SD
Services
Mortgage Brokers

The Title Company
(605) 996-4900
213 East 4th Avenue
Mitchell, SD
 
Cortrust Bank
(605) 996-7775
100 E Havens Ave
Mitchell, SD
 
American Home Mortgage
(605) 996-1865
708 East Kay Avenue
MITCHELL, SD
Services
Mortgage Brokers

First National Bank South Dakota
(605) 996-7755
210 N Lawler
Mitchell, SD
 
Home Federal Bank
(605) 996-8100
901 North Main Street
MITCHELL, SD
Services
Mortgage Brokers

BW Financial
(605) 995-5059
Mitchell, SD
 
Wells Fargo Home Mortgage
(605) 995-3523
403 North Lawler Street
MITCHELL, SD
Services
Mortgage Brokers

First Dakota National Bank Mitchell Norway
(605) 996-3364
500 East Norway Avenue
Mitchell, SD
 
Opinion Corner
People in South Dakota shared their opinions about Home Mortgage
Do you own or rent a home?
Own: 100%
Rent: 0%
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: 25%
I am living paycheck to paycheck: 25%
I have eliminated some of my expenses in order to keep my home: 0%
It has not affected me: 50%
Other: 0%
What is the value of your house in relation to your outstanding mortgage?
I am in the red: 33%
I have some equity in my home: 66%
I own my home outright: 0%
I have no idea: 0%
Other: 0%
Have you been able to take advantage of the lower interest rates and refinance your mortgage?
Yes: 33%
I have tried but have not been successful: 33%
No: 33%
Have your savings/retirement funds been affected?
No, haven’t touched my savings/retirement: 66%
Yes, they were slightly affected: 0%
Yes, they were significantly affected/drained: 33%
Source: Survey.com