Refinance

Refinancing a purchase mortgage allows borrowers to change the terms of their original mortgage agreement which can be beneficial in a number of different circumstances including but not limited to:

• Taking advantage of lower interest rates if they drop after the purchase mortgage has been taken out
• Converting a floating/adjustable-rate mortgage to a fixed-rate mortgage if interest rates are on the rise
• Cashing out home equity to put towards debts, major expenses, or another property downpayment

The real estate attorneys at Zimmet Law Group P.C. will help you review and explain the mortgage terms such as interest rate, repayment terms, and closing costs associated with the refinancing, as well as coordinate with the lenders to clear any open conditions in connection with the refinancing, such as review and clear title.

If you would like to schedule a consultation to discuss your refinancing options with one of our attorneys, please call us at (212) 922-1330 or fill out our Contact Us form.