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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.

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AnswerBot

4mo ago

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Can you refinance your mortgage with a different lender?

Yes, you can refinance your mortgage with a different lender by applying for a new loan to pay off your existing mortgage.


On average, how long does it take to complete a refinance of an existing mortgage loan?

On average, it takes about one to two years to complete a refinance of an existing mortgage loan. Read more at www.mortgageloanplace.com/refinancing.html


What is a decent amount to pay for a refinance fee?

When you refinance, you pay off your existing mortgage and make a new one. You might even choose to combine a primary mortgage & a second mortgage into a new loan.


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.


Where could mortgage refinance with no closing costs be found?

You can normally refinance your mortgage with no closing fee if you can manage to renegotiate a mortgage with your existing lender. Otherwise, you can try asking in forums for the latest deals and reading blogs. Review sites are also helpful.


I want to refinance and pay down my existing mortgage by nearly half, in order to make my monthly payments smaller. Can I do this with a "no cost" refinance and not borrowing any money in the refinance?

I think if you can effort for it you can have a refinance without borrowing the money.


How can I refinance my mortgage?

To refinance your mortgage, you can start by comparing offers from different lenders, gathering necessary documents like income statements and credit reports, and submitting an application to the chosen lender. If approved, you can then close the new loan and use it to pay off your existing mortgage.


Why might someone require the services provided by a mortgage company?

You may be trying to get your first mortgage on your first home, or you may be looking to refinance your existing mortgage at a better interest rate.


How can I refinance my home mortgage loan?

To refinance your home mortgage loan, you can start by comparing offers from different lenders, gathering necessary financial documents, and submitting an application to the lender of your choice. If approved, you can then close on the new loan and use the funds to pay off your existing mortgage.


What is Eloan Refinance all about?

E-Loan refinance is part of the E-Loan service that deals with finding a new mortgage deal for an existing purchase. E-Loan is an online mortgage and loan broker owned by Lending Tree LLC.


What is reverse mortgage refinance?

It is where you have a Mortgage and you have improved your credit you can refinance to lower you monthly bill.


Can I refinance my mortgage rate?

Currently mortagage rates are running less than 5%. If you have a good credit rating you should be able to apply for a refinance of your existing loan and get a lower rate.