WHAT ABOUT REFINANCING?
A Mortgage Refinance is when a homeowner replaces a current mortgage with a new mortgage.
You might consider refinancing when you want to:
- Decrease monthly mortgage payments by taking advantage of a lower interest rate.
- Consolidate debt by combining existing mortgages or paying off multiple loans.
- Get extra cash by securing ‘Cash Out’ financing by borrowing money against the equity in your home.
A Loan Coverage Title Policy is a requirement by all non-private lending institutions, which means if you have a mortgage you’ll HAVE to have Title Insurance. It’s important to know your rights – and as a Pennsylvania consumer, it’s your right to shop for this coverage.
The premium rate that you will be charged is Pennsylvania State regulated. No matter what company you choose for your Refinance, your Policy premium will always be the same rate and will be calculated based on your new loan amount.
Here’s why you should choose Stewart Abstract: Closing and settlement fees might vary from company to company, but you’ll find by comparison shopping that we are up-front about all costs. There are no hidden fees and no difficult-to-understand descriptions designed to confuse you.
Please reference our “What is Title Insurance?” page for more information on the service that Stewart Abstract will provide when you choose us to help you refinance your mortgage!