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    What exactly does refinance mean?

    Loan refinancing refers to the process of taking out a new loan to pay off one
    or more outstanding loans. Borrowers usually refinance in order to receive
    lower interest rates or to otherwise reduce their repayment amount.

    Why Refinance?

    Homeowners typically want to refinance their mortgage because they want to:

    • Reduce their monthly payment
    • Take advantage of lower interest rates
    • Shorten the amount of time it will take to pay off their mortgage
    • Convert from an adjustable rate mortgage to a fixed-rate mortgage
    • Use some of the equity they have in their home for other expenses
    • Fund College for their children
    • Buy a car or a boat or other high price items
    • Paid for Medical Expenses or Senior Citizen Living
    How to Prepare to Refinance Your Home

    Whether the rate on the existing mortgage is higher or lower than the current rate:

    • How much equity is in your current home?
    • What are the terms of your existing mortgage?
    • Do You have a 15 year or 30 years mortgage?
    • What is your credit score, and do you qualify to refinance?
    • Speak with a lender for information
    • Do Your homework (Is now a good time to Refinance)
    With Today’s Low Rates - Know Your Refinancing Options

    Don’t give your information out until you know your options

    • Should you Refinance for 10, 15, 20 or 30 Years
    • What is your long-term ad short term goals?
    • Do your plan to sell your home in the future
    • Are you retiring in a few years?
    • Align yourself with a true motgage specialist (Know You Lender)
    Be Aware of Wire Fraud
    Important Wire Fraud Alert For Home Buyers

    Realtors®, real estate brokers, closing attorneys, buyers and sellers are targets for wire fraud and many have lost hundreds of thousands of dollars because they simply relied on the wire instructions received via email.

    A fraudster will hach into a participant's email account to obtain information about upcoming real estate transactions. After monitoring the account to determine the likely timing of a closing, the fraudster will send an email to the buyer purporting to be the escrow agent or another party to the transaction. The fraudulent email will contain new wiring instructions or routing information, and will request that the buyer send funds to a fraudulent account.

    We will urging everyone to INQUIRE BEFORE YOU WIRE and to never rely solely on email communication. Always follow these two simple steps:

    Before You Wire
    When in doubt, always call our office or your escrow officer.
    For the best in sevice, remember to always insist on
    Step 1
    Obtain the phone number of your Real Estate Broker, Realtor®, Closing Attorney (if applicable) and your Escrow Officer as soon as a title order is placed or an escrow is opened. Complete the information below and keep this flyer in your escrow folder. If you are reading this at one of our lobbies and you don't have a copy of this flyer, simply ask the receptionist for a copy.
    Step 2
    Prior to wiring, call the phone number you wrote down from step #1 above to speak directly with your Escrow Officer to confirm wire instructions. If you receive a change in wiring instructions supposedly from us or your Escrow Officer, be suspicious as we rarely change our wiring instructions.
    • Title order/escrow number
    • Realtor's name/phone
    • Lender's name/phone
    • Title or escrow company
    • Escrow officer/closing attorney's name/phone