Refinance Closings in Florida
Sarasota Real Estate Attorneys
Refinancing your mortgage on your home can be a great way to lower your payments, lower your rate or shorten your payment schedule. If you are thinking about refinancing your home, 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 issues in real estate law and we would like nothing more than to provide you with that same level of commitment.
The Refinance Closing Process
Once you are approved for a new loan by your lender, you have the right to select the Closing Agent. The Closing Agent will work closely with the new lender to satisfy the requirements of the new loan. At closing, the Closing Agent will review the new loan documents with you to explain the important terms. The signing of documents at closing is easy, but it is of the utmost importance that you understand each paper you are signing, so it is highly recommended you have your own attorney handle your refinance closing.
The three primary documents you will likely be seeing are:
- Closing Disclosure - The Closing Disclosure is the summary of all of the charges incurred at the refinance closing. Under Federal Law, the final Closing Disclosure (or "CD" for short) needs to be delivered to the borrower no less than three business days prior to the closing.
- Mortgage - The Mortage is the document recorded in the Official Records of the County and is the document that places a lien against your property to provide security for the repayment of the new loan.
- Promissory Note - The Note is the "IOU" or the document in which you promise to pay the loan back to the lender.
Who Can Help Me With a Refinance Closing?
There are many benefits in refinancing the existing mortgage on your home so long as the terms of the new mortgage are advantageous to you. If you are thinking about refinancing your house, you should seek the legal counsel of an experienced Sarasota real estate lawyer to represent you in the transaction. Our attentive team of professionals at The Edwards Law Firm, PL genuinely wants to help you through the 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.
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Over 28 Years of Experience
Sheryl A. Edwards is a Board Certified Specialist in Real Estate Law
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