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Mortgage Refinancing Help: Wisconsin
“These days most people request a Good Faith Estimate (GFE), but have no clue what to look for on the GFE. Make sure you request a GFE that has ALL fees estimated and disclosed. This includes: origination points, processing, lender, appraisal, title, escrow... ALL FEES... especially the Yield Spread Premium or YSP.
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 When refinancing a mortgage, as many as 30% of homeowner's cash out part or all of their home's equity. By investing in home improvements or paying off credit cards, this can be a smart. But, if you are borrowing more than 80% of your home's value, you will be hit with private mortgage insurance, costing you hundreds a year.
 See also:
 White Stone Mortgage »
Specializing in residential mortgage loans through retail and wholesale channels.
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 Packerland Mortgage Professionals, Inc. »
A full service mortgage brokerage, offering financial products include first and second mortgages, debt consolidation, home improvement projects and online application.
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 Gateway Mortgage Corporation »
Mortgage banking firm offers mortgage financing to the Wisconsin market.
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 Ideal Financial Services Corp. »
Provides residential mortgage financing for Brookfield and all of Wisconsin.
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 Wisconsin Mortgage Corp. »
Provides residential mortgage financing in Southeastern Wisconsin.
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 First Wisconsin Financial »
Offering re-financing, home loans, lines of credit. Presents mission, rates, client testimonials, overview of the loan process. Based in Oconomowoc, WI.
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 Superior Home Mortgage »
Providing mortgage services to home buyers in the Chippewa Valley and Western Wisconsin.
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 AAA Mortgage Corp »
Providing a wide selection of loan options. Features company overview, comparison of products, details of the loan process, required documentation. Located in Appleton, WI.
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 Complete Mortgage, Inc. »
Mortgage broker and company serving Wisconsin.
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 Kevin Kubacki, South Milwaukee Savings Bank »
Loan originator offers home financing programs to the Wisconsin market.
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 Ameristar Mortgage Corporation »
List of services, mortgage calculator, customer comments, online application.
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 Robbins & Lloyd Mortgage Corp. »
Provides residential and commercial mortgages nationwide with offices in Wisconsin, Illinois and Florida.
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 These days most people request a Good Faith Estimate (GFE), but have no clue what to look for on the GFE. Make sure you request a GFE that has ALL fees estimated and disclosed. This includes: origination points, processing, lender, appraisal, title, escrow... ALL FEES... especially the Yield Spread Premium or YSP.
Weigh the costs carefully of how long you will be staying in your home vs. how much of a savings you will be getting in a refinance. Make sure you include closing costs in your decision.
Lenders like pristine credit reports. If you have a bunch of open credit card accounts that you never use (and who doesn't?), consider closing them. It will boost your credit score and make you a much more attractive borrower to a lender. Then, a month after you've closed your accounts, go over your credit report with a fine-tooth comb. It should read that the accounts were closed at your request. (You don't want lenders to think someone cut you off and that you're a bad credit risk.)
You have a legal right to a good faith estimate. Get a copy of this document and go over it with a fine tooth comb, it will reveal where there is a real problem.
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