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Mortgage Refinancing Help: Tennessee
“If you are able to get a lower rate that what you currently have, you can save tens of thousands of dollars over the life of your loan. Also, most lenders don't charge as many fees to refinance a mortgage and depending on how much equity you have in your home you may be able to roll the closing costs into your new loan, still have a lower balance than your original loan, a lower rate, and a lower payment.
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 When lenders offer a "no-cost" loan, they may include a prepayment penalty to discourage you from refinancing within the first few years of the loan. Ask the lender offering a no-cost loan to explain all the fees and penalties before you agree to these terms.
 See also:
 First Community Mortgage, Inc. »
Tennessee mortgage lender/broker specializing in conventional, FHA, and VA purchases and refinances.
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 First Mortgage Funding Group »
Specializing in 100% financing, first time homebuyers and jumbo loans. Includes team members, products, FAQs. Based in Nashville.
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 Golden Oak Lending »
Provides first and second mortgage financing services.
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 Priority Mortgage »
Purchase and refinance home loans in Knoxville and Johnson City.
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 Home Sweet Loans »
Specializing in providing funding to buy, build and re finance residential and commercial real estate.
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 Volunteer Trust Mortgage Company »
Provides mortgage loans in the state of Tennessee, located in Nashville.
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 Crump Mortgage »
Offers a variety of home financing products in Tennessee, Mississippi, and Georgia. Main office in Memphis, branch in Chattanooga.
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 Residential Mortgage Service »
Mortgage company specializing in VA home loans and conventional home loans in the Clarksville Tennessee and Ft. Campbell, Kentucky area.
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 Pioneer Mortgage »
Offers a variety of residential mortgage products in Franklin and all of Tennessee.
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 Castle Rock Mortgage »
Providing residential loans across the state. Features staff, services, FAQs, customer testimonials. Based in Clarksville.
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 Anchor Mortgage »
Serves customers at three locations in Clarksville and Hermitage. Staff directory and information about loans.
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 Prime Mortgage Brokers Inc. »
Lending institution offers residential loans. Features programs, calculators, glossary, rates, company overview, team members. Based in Goodlettsville.
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 McKenzie Banking Company »
Provides residential mortgage financing for McKenzie and all of Tennessee.
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 Fountain City Finance »
Knoxville mortgage broker providing mortgages of all credit types.
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 Franklin American Mortgage Corp. »
Offering mortgage and home equity products throughout the United States. Specializing in mortgage, and home equity loans for the self employed. Based in Franklin.
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 First Southern Mortgage »
Provides commercial mortgage financing for Knoxville and the state of Tennessee.
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 Mortgage Investors Group »
Offers residential mortgage financing and refinancing throughout the state. Office locations, loan types, staff directory, and description of capabilities.
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 Mortgage South »
Provides residential mortgage financing for Tennessee, Georgia and Alabama.
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 The Mortgage Company »
Offering purchase, refinance and construction loans in Columbia Tennessee.
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 21st Century Mortgage Corp. »
Tennessee mortgage licensee offers a variety of mortgage packages to manufactured housing retailers and consumers.
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 Guaranty Trust »
Specializing in conventional, FHA, and VA loans in the Murfreesboro, Tennessee area.
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 Mortgage can last a lifetime and that extra 1% can add up to literally thousands of dollars over the years. I have friends that are in their 70s and still paying off their home loans. It'll pay off in the long run to make sure you find the best deal possible. Don't let poor credit stop you from refinancing your home.
If there are only a few years left on your current loan, it's no use refinancing with a long term loan. You may need extra cash but with a long term loan, you'll end up paying more for the entire loan term.
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.
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.
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