Home Refinancing Rockford IL

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.

Fidelity Mortgage Inc Of Illinois
(815) 227-1595
421 S Mulford Road Suite 202
Rockford, IL
 
Community Central Mortgage Co LLC
(815) 397-4000
4777 E State St
Rockford, IL
 
Cmf Mortgage Co
(815) 965-2791
115 7Th Street
Rockford, IL
 
Prime Financial Group Inc
(815) 398-8880
5411 E State St Ste 7
Rockford, IL
 
Amcore Bank Na
(815) 961-2700
501 Seventh Street
Rockford, IL
 
Members Alliance Credit Union
(815) 226-2260
2550 S Alpine Road
Rockford, IL
 
Family First Mortgage Corp
(815) 398-8701
4615 E State Street Ste 205
Rockford, IL
 
Van Dyk Mortgage Corporation
(815) 399-2210
5301 E State St Ste 107
Rockford, IL
 
Janan Mortgage Corporation
(815) 316-8500
1463 S Bell School Rd
Rockford, IL
 
Express Home Mortgage Company
(815) 226-3681
110 S Alpine Rd Suite 108
Rockford, IL
 
Opinion Corner
People in Illinois shared their opinions about Home Mortgage
Do you own or rent a home?
Own: 73%
Rent: 20%
Other: 6%
The recent credit crisis seems to have affected everyone. How has it affected you?
I have lost my home: 3%
I have had to downgrade my home: 7%
I am living paycheck to paycheck: 45%
I have eliminated some of my expenses in order to keep my home: 17%
It has not affected me: 22%
Other: 3%
What is the value of your house in relation to your outstanding mortgage?
I am in the red: 32%
I have some equity in my home: 56%
I own my home outright: 7%
I have no idea: 3%
Other: 0%
Have you been able to take advantage of the lower interest rates and refinance your mortgage?
Yes: 35%
I have tried but have not been successful: 27%
No: 37%
Have your savings/retirement funds been affected?
No, haven’t touched my savings/retirement: 43%
Yes, they were slightly affected: 33%
Yes, they were significantly affected/drained: 22%
Source: Survey.com