Carrington Mortgage Services, LLC Learning Center

Refinancing is replacing your current loan by paying it off with a new loan, and there are many reasons to consider refinancing. Before you do so, it is important to decide if the benefits outweigh the cost of the new loan. In particular, take a look at current rates, your current financial needs, and the fees associated with refinancing. With some due diligence, refinancing can be beneficial for any of the following reasons:

You might think that once you’ve been approved for a loan that the end is finally in sight… and it is! But there are things that could still affect your closing and make the deal fall through. Because of this, it’s helpful to know what not to do when you’re in the process of getting a loan.