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I believe it depends on the state you live in.

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16y ago

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Is a mortgage discharged when renewing mortgage?

If you refinance your mortgage, the attorney representing the bank will use the proceeds of the new mortgage to pay off the existing mortgage and a discharge of that mortgage should be recorded in the land records. You must make certain you ask that question at the closing before you sign anything.


Will I need to hire a debt lawyer to refinance my mortgage?

If it is not too complicated you may be able to do this yourself. Most mortgage companies will be able to talk you through it and let you know what information is needed.


How can you refinance your home mortgage?

To refinance your home mortgage, you can go to a bank or credit union with the proper paperwork from your original mortgage and ask for refinance. There's usually fees involved, but if you need to, you can.


Do you need to redo the deed to refinance?

You will need your deed to refinance your home. If you no longer have it, your mortgage company should be able to get it for you.


How long do I have to wait after closing on a home before I can refinance?

You typically need to wait at least six months after closing on a home before you can refinance.


How can I refinance my existing mortgage?

To refinance your existing mortgage, you can start by researching different lenders and comparing their offers. Once you've chosen a lender, you'll need to submit an application and provide documentation such as income verification and credit history. The lender will then assess your application and if approved, you can proceed with closing the new loan and paying off your existing mortgage.


Do you need to have a separation agreement to refinance a mortgage in your name?

You can refinance the mortgage in your name if the property is on your name alone and the lender approves your loan.You can refinance the mortgage in your name if the property is on your name alone and the lender approves your loan.You can refinance the mortgage in your name if the property is on your name alone and the lender approves your loan.You can refinance the mortgage in your name if the property is on your name alone and the lender approves your loan.


What is the best advise for home mortgage refinance?

You would need to calculate the savings that you'd receive in your monthly payments. If these savings exceed the closing costs for the new mortgage then it would be worth moving to the lower interest rate.


How can one refinance his mortgage?

A person who wants to refinance their home needs to find a mortgage company to do so. The person will need to discuss options of their home, credit and bank information pertaining to the refinance.


Do I need a mortgage broker to refinance my home loan?

You don't need a mortgage broker to refinance your home loan, but they can help you find better deals and navigate the process more easily.


How do you remove co-sign on mortgage?

By paying off that mortgage. If necessary the primary borrower would need to qualify to refinance in their own name alone.By paying off that mortgage. If necessary the primary borrower would need to qualify to refinance in their own name alone.By paying off that mortgage. If necessary the primary borrower would need to qualify to refinance in their own name alone.By paying off that mortgage. If necessary the primary borrower would need to qualify to refinance in their own name alone.


How to refinance a mortgage?

To refinance a mortgage, you need to apply for a new loan to replace your existing mortgage. This process involves evaluating your financial situation, comparing loan offers from different lenders, and completing the necessary paperwork. It's important to consider factors like interest rates, closing costs, and the length of the new loan term before making a decision.