One-on-one refinance counseling sessions provide home owners with an opportunity to compare a current mortgage against a potential refinanced mortgage or second mortgage. Counselors take time to compare the terms with you, and to tell you what those changes will mean for your monthly finances – in real terms.
Call (651) 659-9336 or (866) 462-6466 for help finding your local Refinance Counselor
Refinancing a mortgage is a major change. With predatory lenders, the constant changes to the mortgage market and so many other changes in today’s market, refinance counselors are an unbiased third-party that can effectively evaluate a proposed mortgage refinance. Make a decision for your best long-term interest. Visit with a refinance counselor before signing anything.
In Minnesota, if you have a “special mortgage” – a loan from a state, local or tribal government or nonprofit organization with payments that vary with income, zero or deferred interest or other unique conditions – state law requires you obtain a certificate from a qualified Refinance Counselor before you refinance your loan.
Download a PDF of the Refinance Counseling Overview for a complete list of documents you should bring to a counseling session, here.