Refinancing

While the process and costs of refinancing may seem confusing at first, do not let it scare you from refinancing your home to consolidate debts. Whether you are consolidating credit cards, paying off a home equity loan, a car loan or merely lowering your current mortgage interest rate, you may save thousands of dollars. NY Injury Justice would be happy to discuss your options and help you to analyze what is the best mortgage program to fit your needs. Rate shopping for the lowest mortgage interest rate is tricky. It is important that you make sure you compare the interest rate over the same terms of years and make sure the lending fees which may include points, origination fees, application fee, etc., are quoted and entered into your comparison. A lender can charge higher fees and offer a low interest rate while another may charge a slightly higher interest rate with lower fees. A reputable lender will not hesitate to answer any questions. You should receive a good faith estimate of closing costs from the lender when you submit your application. The lender’s attorney does not represent your best interest nor necessarily offer reduced fees. You should be represented by the attorney of your choice.