There are many reasons to consider refinancing your mortgage, including lower interest rates, lower monthly payment, or debt consolidation. If you are thinking about refinancing your existing mortgage, consider utilizing the assistance of an attorney in doing so.
It is important to ensure your interests are protected in refinancing a mortgage. Although lenders are interested in your business, they do not represent you or your interests. An attorney can help you to understand your legal rights and obligations, complete paperwork, and communicate/negotiate with lenders. An attorney can also help you to understand whether refinancing is the best decision for your situation.
An attorney can ensure you have a clear title prior to refinancing. You must also ensure the mortgage you paid off through refinancing is discharged from your home’s title. If the former mortgage remains on the title, you may find difficulty in obtaining clear title in the future. These are just a few of the reasons you should consider enlisting the assistance of an attorney in the mortgage refinancing process.
Mortgage refinancing, like any other real estate transaction, is best completed with the assistance of an experienced real estate attorney. Contact O’Keeffe O’Brien Lyson Foss in Fargo, North Dakota to discuss your case or call 701-235-8000 or 877-235-8002.