Residential Refinancing Through Madison Settlement Services
Are you or your client thinking of refinancing? Our team at Madison Settlement Services is your go-to for all things residential refinancing! While some assume that refinance is a simple process, it’s just as important as the homebuying process. Even though there aren’t as many people participating when it comes to residential refinancing, it’s still imperative that an experienced title company is involved in this service.
Why Should You Refinance Your Home
In a previous blog post, we discussed how many times you can refinance your home and why you should do so. But since we already have your attention, residential refinancing can help do a few things. It can lower your monthly mortgage, shorten the term length of your loan, or provide you with a sum of cash (based on your home’s equity). The choice is yours once you receive feedback from the lender.
How Long Does the Process Take?
Refinancing does not typically take as long as a normal homebuying process. In fact, it takes approximately 30 to 45 days to complete. You begin the process by reviewing which refinancing route you want to go with. Then apply for it through a lender. Once you have your documents together, the lender will look over everything and let you know their current refi rates.
From there, you can decide if you want to lower your payments, decrease the loan length, or just choose a cash-out refinance option. It’s up to you and what makes the most sense (cents) financially! Also, it’s important to know that you can always shop around with lenders to see different rates.
Choose Madison Settlement Services for Your Residential Refinancing
As you go through the residential refinancing process, the Madison Settlement Services team will deliver the lender and the customer the best service and practices. Our skilled and experienced team gives the same amount of care and attention to refinances as we do on purchases. No matter which Madison Settlements location you choose to refinance with, we will go above and beyond to get you closed on your new refinanced option as soon as possible.