Do you need to hire a lawyer to refinance?

Answer 1

At closing, having a attorney to look over the closing documents to make sure you have received everything you asked for or told you were receiving, is a good idea. The bank will send a attorney, or notary who works for an attorney, to the desired place set for the closing of the loan. If they ask you to sign papers without actually explaining what you are signing is very unprofessional. The only downside to bringing your own attorney is the bank has an attorney to represent them so you would have to pay for two attorneys at closing. If you trust your mortgage consultant and bank you are working with, and know what you are receiving, then I would say just let the bank attorney represent you and the bank to save money.

Answer 2

No. The bank does the paperwork, just like the first time.

Answer 3

No you do not need a lawyer, Title Companies represent the sale/refinancing of property and are non-partial to seller and/or buyer. Title Companies represent the law of the transaction.

Answer 4

A power of attorney is to represent someone that cannot be at the legal closing. If all the parties can attend, no such document is required.