When it Comes to Refinancing Real Estate, Let Us Guide You Through It.
Refinancing a mortgage can be a powerful reorganizing strategy. It can, for instance, free up resources to finance a home expansion, launch a business or meet urgent cash flow challenges. When you refinance in Connecticut, however, you must deal within a complex set of laws, rules, and regulations related to both real estate and financial transactions. Having an experienced attorney on your side can ensure that the transaction advances your goals and provides a fair and favorable result.
How Can an Attorney Help Me Work Through the Process?
A Qualified Attorney helps by:
- Ordering a title search to establish who owns the property and what mortgages or liens are on it
- Preparing a title commitment to show the new lender the status of the title
- Preparing necessary documentation in accordance with applicable laws, including a Settlement Statement
- Recording the documentation to ensure that the refinancing is not questioned on procedural grounds
- Clarifying, explaining, and scrutinizing the terms of the refinancing in order to protect your legal rights, ensure the refinancing is consistent with your goals, and provide the confidence of knowing what you are agreeing to do and what you can expect to get in return.
The refinancing process could bring unexpected challenges to light, such as an improperly released mortgage or a defect in title. If this happens, your lawyer can address the issue and problem solve with you.
Qualities Your Refinancing Attorney Should Have
Refinancing real estate transactions can be subtle, sophisticated work, so look for someone with appropriate experience. Don’t neglect the character components, either. Choose a lawyer you can trust who will explain things in a way you understand and be responsive to questions or feedback.
At Klein & Babbitt, we’re passionate about helping people create positive futures. Please contact us to help you with a smooth refinance experience.
