Home Refinancing Rochester 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.

Bank Of America Na Charlotte
(585) 546-9650
1 East Ave Fl 6
Rochester, NY
 
M And M Resources Unlimited Inc
(585) 865-0950
1577 Ridge Rd W Ste 119
Rochester, NY
 
Mortgage Innovations Group LLC
(585) 244-2699
99 Grosvenor Rd
Rochester, NY
 
Preferred Mortgage Corp Of New York
(716) 288-2930
595 Blossom Road
Rochester, NY
 
Community Home Equ Conv Corp
(585) 461-6290
132 Allens Creek Rd
Rochester, NY
 
Charter One Bank Fsb
(716) 423-7100
235 East Main Street
Rochester, NY
 
First Choice Funding Inc
(585) 865-0615
34 Buckman Rd
Rochester, NY
 
First Funding Network Inc
(585) 482-0100
2164 Hudson Ave.
Rochester, NY
 
Premium Mortgage Corp
(585) 241-0000
1675 Monroe Ave
Rochester, NY
 
Rochester Area Mortgage Services Inc
(585) 385-4400
2170 Monroe Ave
Rochester, 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