Page Not Found

What is a lien holder?

A lien holder is the institution (usually a bank) that has the right to take and hold or sell the property of a debtor as security or payment for a debt borrowed from them.

Are there any costs for refinancing?

Typically, when you refinance, what you do is pay off the existing balance and then sign a new loan with new terms. When you sign this new loan, you again have to pay all the same costs you paid with the original loan. You may want to take this into consideration when deciding if you are ready to refinance.

What does APR stand for and what does it mean?

APR stands for Annual Percentage Rate. The APR on a loan includes the costs involved in securing the loan such as the interest rate, points and other related fees you will be paying annually. The APR is meant to provide you with a rate to use when comparing loans.

What is Title Insurance?

Title insurance is required by lenders. It is protection for the buyer and lender if there are complications with the title after the deal has been made.

Do I have to wait a certain period of time before I can refinance?

No, there is no certain required waiting period when it comes to refinancing. You may even refinance more than once in a matter of months.