Oakwood Services Refinance

Definition: To replace an existing mortgage loan with new financing.

What does that mean to me?

Refinancing involves the satisfaction of an existing loan with the funds from a new loan and using the existing 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 or withdrawing cash equity in real property by obtaining a larger new loan. There are plenty of intricacies associated with refinance Escrow. Refinancing requires an experience Escrow officer in order to meet the rigorous deadlines.

At Oakwood Escrow, our Escrow Officers have over 60 years of experience and know how to successfully complete your Refinance transactions in a timely and efficient manner!


Have Questions?

Please contact us so we can answer all of your Escrow Questions