Real Estate- Refinance Resources

Our Real Estate Team is here to serve you throughout your closing process. 

Since you are refinancing your property, you may be wondering what is next and why you need an attorney. We hope the information below helps navigate the process. As always, we're here to help you, so do not hesitate to contact us with any questions you may have. 

A large majority of the information you need to know about the closing process is available in our Refinance Engagement Letter that will be sent to you.

You're Refinancing, What's Next?

Once we receive notification of your refinance, we will begin the process within our office and provide a tentative closing date.

We ask that you complete the Refinance Information Form to our office.

We will complete a title search to ensure there are no issues with the title (a step the lender will require). 

 

Attend Closing

  • Make sure to bring a photo ID​

  • If funds are required for closing, they must be certified funds- wire transfer or certified bank check

Once the closing is completed fully, we will be able to disburse funds properly

What to do if you have a home equity line

If you have a home equity line, you must have the equity line lender provide a letter at least 3 days prior to closing indicating the line has been blocked to further advances.

Why do you need an attorney for closing?

An attorney with experience in real estate will be able to discern what needs to happen for a successful closing. 

During the closing, the attorney will review all documents to ensure all information is accurate and be available to answer any questions that you may have.

After the closing, our office will take the necessary steps to ensure that all payoffs and funds are distributed.

What to do if you are selling a Manufactured Home

If you are refinancing a manufactured home, you must submit evidence from the DMV that the title to the manufactured home has been canceled or never issued and that there are no liens of record.

Understanding the Costs

The fee for the closing will be determined by the refinance amount of the property. 

Title Insurance is a one-time payment that is an insurance policy that protects you and the lender from certain claims against your ownership or the bank's interest. 

Additional fees outside of our office may include:

  • Surveys, termite report, title insurance, hazard insurance, express mail, fax, wire transfers, electronic documents, deed preparation, recording fees, bank fees, and services by others

How are payoffs handled?

If you have multiple items that need to be paid off with your refinance, please send your last statement to us so we can order payoffs properly.