Home Refinancing Rochester 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.

Southeast Minnesota Mortgage LLC
(507) 289-0550
4600 18Th Ave Nw
Rochester, MN
 
Mountain Pacific Mortgage Co
(507) 281-2999
3338 19Th St Nw # 104
Rochester, MN
 
Eastwood Bank
(507) 288-8517
1625 Highway 14 East
Rochester, MN
 
Wells Fargo Bank Na Green Meadows Office
(507) 285-2980
Salem Road & 16th Street
Rochester, MN
 
Merchants Bank
(507) 535-1520
3586 55th Street Northwest
ROCHESTER, MN
Services
Mortgage Brokers

Home Federal Savings Bank
(507) 535-1200
1016 Civic Center Dr Nw
Rochester, MN
 
Countrywide Home Loans Inc
(507) 536-3140
3780 Marketplace Dr Nw Ste 112
Rochester, MN
 
Associated Bank
(507) 424-3049
Rochester, MN
 
Think Federal Credit Union
(507) 288-3425
Highway 52 Ibm
ROCHESTER, MN
Services
Mortgage Brokers

Citifinancial
(507) 281-9906
4220 Highway 52 North
ROCHESTER, 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