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Showing 2 mortgage refinance companies in Wood River, IL
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
1st MidAmerica Credit Union
1795 E Edwardsville Rd, Wood River, IL 62095
6182583168
First Mid Bank & Trust
1046 Madison Ave, Wood River, IL 62095
6182548445
What Does a Mortgage Refinance Company in Wood River Cost?
Typical costs for a mortgage refinance in Illinois include an appraisal fee of 400 to 700 dollars, loan origination fees of 0.5 to 1 percent of the loan amount, and title insurance costs of 500 to 1,000 dollars. Closing costs generally range from 2 to 5 percent of the loan principal. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What documents do I need to refinance a mortgage in Wood River?
You typically need pay stubs, tax returns, bank statements, and proof of homeowners insurance. Illinois lenders also require a property appraisal to confirm your homes current value.
How long does a mortgage refinance take in Illinois?
A typical refinance in Illinois takes 30 to 45 days from application to closing. Delays can occur if the appraisal or title search takes longer than expected.
Are there Illinois laws that protect me when refinancing?
Yes. Illinois has a three day right of rescission for most refinances, meaning you can cancel the loan without penalty within three business days after signing. Also, lenders must follow the Illinois Interest Act which limits certain fees.