Refinancing Your Home
Deciding whether or not to refinance your home requires you to balance the savings of a lower monthly payment against the costs of refinancing.
When mortgage rates are declining, the long term savings and the lower monthly payments make the decision to refinance more attractive and economically sound. Interest rates, origination fees, recording taxes, the length of the loan re-payment, and whether to utilize a fixed or adjustable rate must be considered.
Refinancing a home involves many of the same considerations and procedures that occurred during the initial home purchase. A mortgage application must be submitted, credit reports are reviewed, property appraisals are obtained and title searches are prepared. Finally, once the loan is approved, a closing needs to be scheduled for the signing of all of the new loan documents.
I have represented many clients in connection with the refinancing of their real estate and homes. I am available to provide guidance with respect to the refinance process and to review all of the documents with you at the time of the closing.
I represent both commercial and residential clients. This representation includes single or multi-family homes, cooperatives and condominiums. I work closely with my clients in all aspects of each transaction.
Call (212) 355-2575 or e-mail