<p>I am thinking of refinancing my mortgage, but I HATE the whole process so I have been putting it off. I am in New Jersey. Does anyone know who I can do this with where it will be as painless as possible? This ranks slightly better than buying a car for me. I feel like they’re trying to scam me.
Thanks</p>
<p>I’ve had good luck with Provident Funding. We refinanced with them a couple of years ago and I’m thinking of doing it again. <a href=“http://www.provident.com%5B/url%5D”>www.provident.com</a></p>
<p>We recently refinanced to decrease the life of the loan from 30 years (with 27 years and one month left) to 15 years and to reduce the interest rate (from 5% to 3.375). I heard this morning that 15-year loans have actually gone down to 3.1% now! We went through a local mortgage company, Churchill Mortgage, and the process couldn’t have gone any smoother. We did everything via computer except for the closing which took approximately 45 minutes. Of course they sold our loan to a big bank which they’d told us they would do.</p>
<p>We had also put off the dreaded refi but finally took care of it last year. So worth it! We went through Everbank and have had a great experience with them. PM me if you want contact info for the broker, who was fabulous and made it all easy. I don’t frankly know if it was the broker, the bank, or both that made the process so simple. But compared to a refi we did ten years ago, this was a snap --almost pain-free. :)</p>
<p>We have refinanced a few times. We found that the bank that held our mortgage didn’t want to lose us and worked favorably with us to refinance…now almost 10 years ago. It was painless.</p>
<p>We did exactly what Splashmom did, down to almost exactly the same time frames and rates. Our payment went up about $150 a month, but the loan is about 11 years shorter. So happy! I found it very easy to do; our previous mortgage holder matched the best rate I found elsewhere. I think keeping it with the same place took some of the work out of it. Ironically, the new one was sold to another company within days of closing! Do it, you will be happy you made the effort.</p>
<p>We’re also in NJ and have refinanced twice in recent years with Charles Schwab Bank. Couldn’t have been easier. Everything was handled by phone/email/snail mail/FedEx. The only thing I had to leave the house for was getting the closing papers notarized.</p>
<p>We refi-ed a few times and found our original mortgage through this website:</p>
<p>[New</a> Jersey Home Loan Quotes & NJ Mortgage Rates - LoanSearch.com](<a href=“loansearch.com domain name is for sale. Inquire now.”>loansearch.com domain name is for sale. Inquire now.)</p>
<p>Very painless.</p>
<p>I think it would be prudent to check out and compare the current mortgage holder to see if they have a better deal. That is if you are not under the water, that will be loan modification, not a refi.</p>
<p>^ We’ve been with our local bank for decades. I went in and asked about refinancing our mortgage. They said we’d have to start over … as if we’d never banked with them. Bank policies vary, so check around.</p>
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<p>I will take it and run to another bank, or whoever is cheaper. This bank will not have my business.</p>
<p>I sent an inquiry to my current mortgage company, Wells Fargo. I’m hoping they will be easier because they already have my stuff. I’ve been putting it off because I am on the downside of my mortgage and HEL, I have 5 years left on my HEL and 15 on my mortgage, but consolidation will still lower my payments, so…I guess I’ll try.</p>
<p>I’ve found that TDBank has good rates, and all of them are 0 points. They keep most if not all of their loans. I have two mortgages with them and would have more if they would let me.</p>
<p>Just be aware that the process can be a bit of a pain with anyone. Sometimes they get hung up on the stupidest stuff, and you have to submit stuff multiple times… it’s crazy.</p>
<p>Based on bank earnings report yesterday, it seems that Wells Fargo can’t afford to lose your business.</p>
<p>Look into Credit unions. There are certain fees that banks have to pay that credit unions don’t. We refi’d a few times with our credit union and were able to do so with creative things that didnt cost us any $$. We went from 30 to 15 to 10 yr loans, I cant recall the specifics, but the last one we did was, IIRC a HELOC that we paid off in 5 years. No more mortgage. Paid that puppy off a year ago 
Good luck.</p>
<p>Is it worthwhile to take out extra to consolidate bills? I might be able to take enough to pay off my credit card, student loan and HEL. It would save me $ each month. I feel like its just moving the bill from one place to another, but the interest rate would be lower. Ugh. I am sooo financially illiterate. I never know what to do with my money.</p>
<p>dkitty - The “bitty picture” answer to this is that the interest rate on the HEL will be lower than your other loans, and that the interest payments will probably be deductible for tax return purposes. Yes, it is possible you’ll save a lot of $$$.</p>
<p>The “big picture” is more complicated. The reason many financial advisors argue against bill consolidation into an HEL is that the borrower may lack the discipline to not run up the credit card balances again. If the thought of a zero credit card balance gets you really excited about your next trip to the Mall, bill consolidation may leave you worse off financially.</p>
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While your total payment may be lower, you’ve extended the payment period by years. Paying for that meal or outfit you charged on your credit card for the next 15 or 30 years doesn’t make a lot of sense.</p>
<p>Do you itemize deductions on your taxes?</p>
<p>Cash-out loans are tough to get these days, unless you have lot of equity. The rate might be higher than what you could get for a regular re-fi.</p>
<p>What can make sense is, instead of paying the lower amount, pay extra every month to equal what you were paying, and mentally count the extra against the amount of credit card debt and other debt you rolled into the mortgage. Once that “debt” has been paid off, then you can enjoy the lower payments.</p>
<p>If you don’t have the discipline to stop carrying a credit card balance, you will just wind up further in debt.</p>
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<p>The answer also hinges on whether those bills are final or recurring. If, you will never accumulate credit card bills in the future after consolidation, for example, yes, I think it is worthwhile to consolidated. If you still are going to incurr more debt from HEL, auto loans and credit cards, then, the consolidation is less meaningful. A person must live within the financial means of their life.</p>
<p>I buy my house in cash, buy my car in cash, pay off my credit cards every month, I have no debts. But I drive a 12 year old beat up car that every neighbor shake heads on me.</p>
<p>We recently refinanced to a 10-year-fixed mortgage at 3.0% APR (love our local, non-profit credit union!). We consolidated our HELOC loan, the result of a one-time remodel, that was at 4.1%. This consolidation made a lot of sense.</p>