Home Refinancing Watertown 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.

Upstate Capital Inc
(315) 786-2813
742 W Main St
Watertown, NY
 
Carthage Federal Sav And Ln Assoc
(315) 493-3480
313 State Street
Carthage, NY
 
Community Bank Na Black River Office
(315) 773-5686
28499 State Route 3
Black River, NY
 
Household Finance Corporation
(315) 788-8600
21216 Pioneer Plaza Drive
WATERTOWN, NY
Services
Mortgage Brokers

Jefferson Abstract Corporation
(315) 782-4203
125 Sherman Street
Watertown, NY
 
Compass Mortgage Inc
(315) 788-7100
111 Clinton St
Watertown, NY
 
Community Bank NA - Black River Office
(315) 773-5686
28499 State Route 3
BLACK RIVER, NY
Services
Mortgage Brokers

M & T Bank
(315) 782-9791
113 Court Street
WATERTOWN, NY
Services
Mortgage Brokers

M And T Bank
(315) 782-9791
113 Court Street
Watertown, NY
 
Watertown Savings Bank
(315) 788-7200
111 Clinton Street
WATERTOWN, NY
Services
Mortgage Brokers

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