Mortgage Refinance Attorneys

Residential or Commercial Real Estate

The basic principle of a refinance is simple: you are taking out a new mortgage to pay off your old one. Determining your eligibility for refinancing is similar to the approval process that you went through with your current mortgage. The lender will consider your income and assets, credit score, other debts, the current value of the property, and the amount you want (or need) to borrow. The lender can be the same as your current mortgage or a different one. Before you refinance, you need to make sure it makes sense for your situation. Here are some reasons to refinance your mortgage:

  • If your credit score has improved, you may be able to get a loan at a lower interest rate.
  • Interest rates are lower over-all
  • Lower your payment by adding years to repayment term or increasing equity
  • Reduce or eliminate Private Mortgage Insurance (PMI)
  • Shorten loan length
  • Convert adjustable rate loan to fixed rate loan
  • Cash out equity

Whatever your reason, you will want an attorney with the knowledge and experience necessary to ensure your Mortgage Refinance transaction goes smoothly.

At G&G Law, LLC counsel our clients through the refinance process by reviewing their reasons and underlying loans and making sure they are getting what has been promised. We compile and draft any necessary documentation for the refinance lender, work with the lender to compile the Closing Disclosure figures, execute all mortgage documentation with the client, record all mortgages and releases, disburse al funds under the Closing Disclosure, and return all the necessary signed documents to the bank within the proper timeframe.

Our real estate attorneys are ready to meet your needs, contact us today.