Refinancing your mortgage can be a stressful ordeal in and of itself, but add legal jargon and lengthy forms to the process and you’ve got a situation that’s virtually incomprehensible for the average homeowner. Too many homeowners walk into a bank to refinance their mortgage and blindly follow the procedure, without truly knowing what they’re agreeing to—instead of losing your ground in front of form after form, it pays to have a notary in Surry beside you to help you better make sense of the proceedings!
Did you know that when you attempt to refinance, the bank will often have you sign a waiver that declares your dismissal of any legal advice? It may sound unfair, but it’s true! And, after waiving your ability to question the process, you’re not permitted to ask questions about the ramifications of refinancing! With a notary in Surry on your side, however, the process becomes a bit more balanced, as the notary will go through the work that the bank’s lawyer has compiled and be sure to verify all of the information being presented to you.
Take a look at a few of the assurances that a notary public can provide you with while you’re in the midst of refinancing your home:
- A notary will look at the title for any defects or errors that may not be favorable to you as a homeowner. Often times, these items are missed or overlooked by a bank’s lawyer and having them on your title could adversely affect you as a borrower.
- If any defects are spotted on your title, a notary has the power to address them, ensuring that you’re in good standing for refinancing.
- A notary can provide tax searches on your property, as well as strata searches, if applicable.
- Your notary will check to see that the right home insurance is in place before you refinance.
- Finally, a notary will check the facts and figures presented by the bank to ensure that they’re all correct. Mistakes can create headaches down the road for borrowers, so resolving them before signing any documentation will alleviate these issues before they turn into something worse!
When dealing with something as important as your home—what is perhaps the largest financial investment you’ll make in your lifetime—it’s important to ensure that you completely understand the situation and all of its aspects. You don’t have to be a financial guru to approach a mortgage refinance, but it will streamline the process and make it far more understandable if you enlist the help of a notary public.
Remember, it’s in your best interest to make sure that a refinance of your mortgage is done right the first time—errors or miscalculations will take effect quickly and their ramifications could be devastating to you as the borrower. If you’re thinking about refinancing, trust Jennine Fitterer, Notary Public to help you through the process in a simple, painless and accurate manner.