Real Estate Law
There are various reasons why people might need to refinance a loan: to lower montly payments, borrow more money to pay off other debts, to renovate your home and to change your mortgage interest rate in order to lower the cost of borrowing. Homeowners with adjustable mortgages should consider switching to fixed rate loans when the interest rates are rising. Savings can be realized either by working with the existing lender or using the existing mortgage with a new lender. Title changes may also be reduced when there is a refinancing.
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