If you are interested in refinancing your home or property, Citrus Heritage Escrow is here to help. Our knowledgeable escrow officers and support staff can help you secure a lower interest rate, consolidate debt or make an equity withdrawal on your property. We can help you obtain a new loan and arrange for the proceeds of the new loan to pay off your existing mortgage with your property used as collateral.
We understand that refinancing can sometimes be challenging, but Citrus Heritage Escrow is up for that challenge. We have handled thousands of real estate transactions throughout Riverside and our experienced team understands the ins and outs of refinancing your home to ensure that the process is quick and easy every time.
How Does A Refinance Transaction Work?
Refinancing involves the payoff of an existing loan with the proceeds from a new loan, using the same property as collateral. In order to decide whether this is worthwhile, the savings in interest must be weighed against the fees associated with refinancing. Additional reasons to refinance include:
- Reducing the term of a longer mortgage
- Replacing an adjustable rate loan with a fixed-rate loan
- Withdrawing cash equity in real property by obtaining a larger new loan
The process of refinancing can sometimes be a problematic and cumbersome endeavor that requires innovative problem solving and timely follow-up. Leading financial institutions trust Citrus Heritage Escrow to process refinance transactions for their customers.
