Home Refinancing New York NY

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.

Bear Stearns Commercial Mortgage
(212) 272-7918
383 Madison Ave. - 10Th Fl.
New York, NY
 
Fairmont Funding Ltd
(212) 967-4700
39 W 37Th St
New York, NY
 
Bear Stearns Funding Inc
(518) 587-2472
383 Madison Avenue
New York, NY
 
Ziegler Financing Corp
(212) 284-5403
1185 Ave Of Americas 32Nd Fl
New York City, NY
 
New York State Urban Development Corp
(212) 803-3510
633 Third Avenue
New York, NY
 
Red Stone Agency Lending LLC
(727) 791-8600
140 E 45Th St Fl 15
New York, NY
 
American Property Financing Inc
(212) 850-4200
6 E 43Rd Street 26Th Floor
New York, NY
 
Professional Mtg Bankers Corp
(516) 333-7800
267 5Th Ave
New York, NY
 
Metropolitan Funding Corp
(212) 983-1500
6 East 45Th Street Ste 201
New York, NY
 
First American Mortgage Trust
(800) 698-5626
347 W 36Th St Rm 1000
New York, NY
 
Opinion Corner
People in New York shared their opinions about Home Mortgage
Do you own or rent a home?
Own: 64%
Rent: 28%
Other: 6%
The recent credit crisis seems to have affected everyone. How has it affected you?
I have lost my home: 4%
I have had to downgrade my home: 6%
I am living paycheck to paycheck: 27%
I have eliminated some of my expenses in order to keep my home: 27%
It has not affected me: 28%
Other: 5%
What is the value of your house in relation to your outstanding mortgage?
I am in the red: 11%
I have some equity in my home: 53%
I own my home outright: 15%
I have no idea: 17%
Other: 1%
Have you been able to take advantage of the lower interest rates and refinance your mortgage?
Yes: 44%
I have tried but have not been successful: 22%
No: 32%
Have your savings/retirement funds been affected?
No, haven’t touched my savings/retirement: 51%
Yes, they were slightly affected: 30%
Yes, they were significantly affected/drained: 18%
Source: Survey.com