Home Refinancing Springfield 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.

Illinois National Bank
(217) 747-5890
322 East Capital
Springfield, IL
 
Bank Of Springfield
(217) 529-5555
3400 Wabash Ave
Springfield, IL
 
Wykoff Mortgage Services Inc
(217) 522-5191
616 S Grand Ave W
Springfield, IL
 
Springfield Mortgage Company
(309) 674-8400
400 S Grand Ave West
Springfield, IL
 
Town And Country Bank Spingfield
(217) 787-3100
3601 Wabash Avenue
Springfield, IL
 
Wells Fargo Bank Na
(217) 793-0053
4341 Acer Grove Dr
Springfield, IL
 
Empire Equity Group Inc
(877) 542-2500
510 Apple Orchard Road Ste-105
Springfield, IL
 
Capitol Mortgage Associats Inc
(217) 862-2050
2815 Old Jacksonville Rd Ste 1
Springfield, IL
 
Hartland Mortgage Centers
(217) 793-9553
2040 West Iles Suite-A
Springfield, IL
 
Williamsville State Bank And Trust
(217) 698-6355
1748 Wabash Avenue
Springfield, 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