Refinance Closings in Florida

Sarasota Real Estate Attorneys

Refinancing your debt obligation on your home can be a great way to secure an easier, better future for you and your family. Renegotiating the terms under which you will repay your debt is not simple, however, and numerous terms and conditions will come into effect during this process, some of which that may not be under your direct control.

Some of the aspects banks and mortgage lenders often consider when approached for a refinance include, but are not limited to:

  • Inherent risk
  • Projected risk
  • Currency stability
  • Borrower’s worthiness of credit

If you are thinking about refinancing your home, but don’t know where to even begin, an experienced real estate closing lawyer from The Edwards Law Firm, PL in Sarasota can help you. We have maintained a 10.0 “Superb” Rating from Avvo due to our dedication to our clients and vast understanding of the complicated real estate law system, and we would like nothing more than to provide you with that same level of commitment.

The Refinance Closing Process

If you have contacted a real estate closing attorney and are now ready to enter the refinance closing process, you can expect to be signing document after document with the lender’s representative, a closing agent representing the title company, and a notary public present. Providing signatures may be as easy as the flick of the wrist but it is of the utmost importance that you understand each sheet you are signing, so it is highly recommended you have your own attorney present at the closing process as well.

The three primary documents you will likely be seeing are:

  • Closing Disclosure: Is a document that needs to be delivered to the borrower no less than three business days prior to the closing.
  • Mortgage: The involvement of a mortgage with the refinancing process is to provide security for the repayment of the loan. More or less, you stand to lose the deed if the newly refinanced payments are not paid in accordance to the regulations established.
  • Promissory note: The actual paperwork that requires a signature to put the refinance into action, based on the new agreement terms. To put it into layman’s terms, a promissory note acts a detailed “IOU”.

Who Can Help Me With a Refinance Closing?

There are so many benefits to obtaining a reasonable refinancing agreement on your home that it makes sense for anyone to consider it. The multi-step process of getting there, however, can act as a major deterrent to just about anybody. If you need to refinance your house, or if you are preparing to reach a settlement on a refinancing agreement already drafted, you should seek the legal counsel of an experienced Sarasota real estate lawyer. Our attentive team of professionals at The Edwards Law Firm, PL genuinely wants to help you through this trying process. Your satisfaction is our satisfaction, and we would love to prove that to you.

Please contact us today for an initial consultation about your upcoming refinance closing.