Mortgage Auburn NY
Banking Center Services: Commercial Deposits
Indoor ATM Services: Open 24 Hours, Talking ATM, Braille, Accepts Deposits, Deposit Image
Outdoor ATM Services: Open 24 Hours, Talking ATM, Braille, Accepts Deposits, Drive Up, Deposit Image
English, Spanish, Chinese, Korean, French, Russian, Portuguese
Branch Services: Wheelchair Accessible Lobby, Deposit Drop Box, Night Deposit Drop Box, Notary Available
ATM Services: ATMs: 1, Wheelchair Accessible ATM
MONDAY: 09:00 am - 04:00 pm
TUESDAY: 09:00 am - 04:00 pm
WEDNESDAY: 09:00 am - 04:00 pm
THURSDAY: 09:00 am - 04:00 pm
FRIDAY: 09:00 am - 06:00 pm
Drive Up Hours
MONDAY: 08:00 am - 04:00 pm
TUESDAY: 08:00 am - 04:00 pm
WEDNESDAY: 08:00 am - 04:00 pm
THURSDAY: 08:00 am - 04:00 pm
FRIDAY: 08:00 am - 06:00 pm
Mortgage Brokers, Real Estate Loans
How to Negotiate a Lower Mortgage Payment
We are living in austere times where many people are finding their mortgage payments sometimes uncomfortable, sometimes impossible.
As a response to the exceptional economic climate, the government has adopted new measures and mortgage lenders are aware that they have to develop approaches to their dealings with borrowers. In all personal finance issues there are specific ways and means to improve difficult situations, re-negotiating your mortgage is no different.
1 Understanding Your Future Mortgage Payment StructureThe be able to make your current mortgage payments manageable, you must first look further down the line. Take a close look at your mortgage to understand what will happen to your payments in the future. There are three basic possibilities;
- 1. Your payments could change at any point (Adjustable Rate Mortgage).
- 2. Your payments may have been fixed for a period but could change after a given date (Hybrid Adjustable Rate Mortgage).
- 3. Your Payments could be fixed for the life of the mortgage payment plan (Fixed Rate Mortgage).
Adjustable and Hybrid Mortgage payments could increase, putting further stress on your finances and on you. To avoid unfortunate surprises, you can consider refinancing to a Fixed Rate Mortgage, but this move can also bring about extra costs. Many Adjustable Rate Mortgages penalize the borrower for refinancing within the first few yea...