Best Mortgage Refinance Companies in Tuscaloosa

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License: 442688

Nationwide Multistate Licensing System and Registry

Shannon Butson

Tuscaloosa, AL
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  • New Construction
  • Reverse Mortgages

Business Description

Shannon Buston assists people from Tuscaloosa who wish to apply for refinancing programs under Wells Fargo Home Mortgage. She utilizes her comprehensive understanding of refinancing processes with a personalized approach that focuses on tailoring recommendations based on each applicant's income status and credit score. She also calculates her clients' financial capabilities, analyzes available options from a variety of lenders, and conducts assessments of local rates and marketing conditions. Buston is a part of the agency's efforts in supporting nonprofit groups throughout the local area.

License Verified:

License: 442688

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
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Frequently Asked Questions

What should you expect when refinancing a mortgage?

When refinancing a mortgage, expect to answer a lot of questions and provide documentation to back up your answers. You'll may also pay fees and closing costs of around $5,000. Additionally, expect to start over in terms of building home equity, because refinancing takes the amortization process back to the beginning.

How often should you refinance your mortgage?

There is no recommended frequency for refinancing a mortgage. How often you should refinance is determined by when it will save you money. If you can get better terms on your mortgage by refinancing, then it’s a good time to take action.

Can you refinance a first mortgage and not a second?

You can refinance your first mortgage and not the second one, but it can be difficult. You have to get the lender of your second mortgage to agree to the refinancing. The process is called resubordination, and some home equity lenders won’t agree. Additionally, lenders typically charge extra fees to resubordinate a loan.

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