There are many reasons why people choose to refinance their mortgage. These may include reaching the end of their loan period, wanting more flexibility or a lower interest rate, wanting to renovate, and wanting to access the equity in their home. While refinancing your loan can be an excellent option, any home loan transaction comes with expenses such as stamp duty, lenders fees, and legal fees. But with the right loan and the right people helping you, you could save a lot of money.
If you like the idea of saving money (and who doesn’t!) the team of conveyancing solicitors at McGlinchey and Associates may be able to help you. Depending on your circumstances and your refinancing options you could save money not just on lenders fees and legal fees but in some cases, McGlinchey and Associates can also save you money on your mortgage stamp duty as well. A visit with our conveyancing solicitors will provide you with your best options for reducing or eliminating your refinancing fees. With years of experience behind them, the legal team at know where to look to find you the lowest fees possible. Not only that but the solicitors and paralegals at McGlinchey and Associates regularly take part in professional development to ensure their knowledge about the laws of property, finance, and stamp duty are kept up-to-date.
How to refinance your mortgage
When looking to refinance your mortgage, be sure to do the following:
- Shop around for the best option for your situation;
- When you have found the best loan for you, contact McGlinchey and Associates with the information on your refinancing option.
In return, the team at McGlinchey and Associates will:
- Speak with you and your refinancing lender to ensure all loan documentation is properly prepared and signed;
- Inform you of any search your lender may require of you;
- Help you meet any requirements that your lender has set for you;
- Help you to complete and lodge mortgage duty exemption forms;
- Communicate with your lender to make sure everything is ready for settlement.