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 Unless you are getting a lower interest rate, refinancing your home may cost you more money in the long run and may require you to pay higher monthly payments.
 See also:
 Castlestone Mortgage »
Metro Indianapolis mortgage lender featuring FHA/VA, Conventional, Jumbo, and Non-Conforming loans.
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 Ruoff Mortgage Company, Inc. »
Provides residential mortgage financing for Indiana and all contiguous states.
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 First Mortgage of Indiana, Inc. »
Indianapolis-based mortgage broker provides real estate financing for the state of Indiana.
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 MAK Mortgage Consultants »
Includes profile, services, programs, pre-qualification, and online application.
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 Hill Creek Mortgage »
Provides residential mortgage financing in Indiana and surrounding states.
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 Diamond Mortgage, LLC »
A full-service mortgage company offering first and second mortgage loans.
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 Anchor Mortgage »
Offering mortgage services for South Bend, and Indiana.
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 Blue Water Mortgage »
Providing Indiana with home finance, refinance, home equity, new construction, and debt consolidation loans.
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 Summit Mortgage, Inc. »
Offering mortgage services for Indiana.
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 Indy Mortgage, Inc. »
Provides residential mortgage financing for the Indianapolis, Indiana area.
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 Both new homebuyers and refinancers can get free access to the credit reports that lenders use by visiting AnnualCreditReport.com, a website created via Congressional mandate. A free report from each of the three consumer reporting agencies -- TransUnion, Experian and Equifax -- is available at no cost every 12 months. Check for errors; if mistakes are found, don't hesitate to dispute any and all inaccurate and derogatory items.
Ask for the reissue rate on your title work. If you've taken a mortgage within the past two years, or are using the same lender, you might be granted this option, which can save you as much as 70 percent on your title work. An editor at this magazine didn't know about this potential savings when he refinanced his mortgage; fortunately his lawyer did. The savings more than covered the attorney's fees. However, if it's been several years since you took out a home loan, or if you're using a new lender, you'll likely have to pay for a new title.
If your monthly payment on a fixed-rate loan includes escrow amounts for taxes and insurance, your payment each month could change over time due to changes in property taxes, insurance, or community association fees.
Start with your current lender. If you're a good customer-you hold a sizable mortgage, pay on time, and maintain good credit-your existing lender will probably do everything in its power to keep your business. The company may cut you a break on fees for things like appraisals, surveys, and inspections if the information is current and you meet other requirements.
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