check the mortgage company's license

When a refinancing your mortgage, be sure that the mortgage company that you're working with is licensed to do business in the state where your home is located. Mortgage companies have to be licensed to do business in your state. There are also some statewide local and nationwide mortgage associations that certify lenders who have met their specific criteria.

Large mortgage refinance companies such as countrywide are licensed in many if not all of the states in the USA. Countrywide posts information about its various licenses prominently on their website, some smaller companies you may have to inquire further to get their licensing information.

It is always a good idea to do a little research on the license of the mortgage company that you're working with especially if you're considering a disc count. Mortgage refinance company just because someone has a certificate on the wall doesn't mean that they have a valid license to do business with you. Before signing a bunch of legal paperwork having to do with your money and your home. Definitely research. The licenses of the company that you are considering doing business with.

Here is a link to the state of Michigan's.gov website which allows a quick and easy lookup of mortgage lenders licensed to do business in the state of Michigan. There are many resources on the Web and via telephone that you can use in each state to check up on the mortgage company that you are considering doing business with, as we verify more of these tools. We will post them as a static page for future reference.

We also reccomend a quick stroll through any pages indexed in Technorati for the particular company that you are considering. If for example you were considering a martgage refinance with Ameriquest mortgage, then I would definitley do a Technorati search for Ameriquest. You can modify the search there to include your state or local office, and see what people are saying in thier blogs about the company you are considering!