There are a myriad of reasons why homeowners decide to go with a mortgage refinance. Although the #1 reason many homeowners decide to refinance is to get a lower interest rate, refinancing is a beneficial way to convert an ARM, cash out to consolidate debt, and consolidate two mortgages.
If you are one of the many homeowners who have decided to refinance a mortgage, it’s important to have an attorney on your side throughout the entire process. One of our attorneys at Leonard and Moore, PLLC in Asheville, NC can help you:
- Understand your legal rights as a borrower
- Negotiate with your lender
- Complete the required paperwork for a loan modification
- Potentially stop a foreclosure sale
But, before you hire a lawyer to help you with a mortgage refinance, you should consider asking them several crucial questions. For example, you should ask your lawyer how the proposed refinance can help you. If your attorney does not give you a confident reply, you may want to reconsider the decision to refinance your existing mortgage. Lastly, you should ask your attorney what you should expect in your situation from your particular lender. In many cases, your attorney may have already worked with that lender in the past and can help you prepare for what to expect.
If you haven’t already hired a lawyer to help you with your mortgage refinance, contact us today at Leonard and Moore, PLLC in Asheville, NC.