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How does mortgage refinancing work? Does your new lender inform your old lender?

If you have a mortgage loan from a bank and went to a different bank for refinancing. What is your responsibilities? Do you inform your old lender?


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Written by admin on January 25th, 2012 with 2 comments.
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Get your own gravatar by visiting gravatar.com the kid
#1. January 25th, 2012, at 11:02 AM.

When you close on the refi, the title company sends a check to satisfy the old mortgage. You don’t have to do it yourself.

Get your own gravatar by visiting gravatar.com Common Sense
#2. January 25th, 2012, at 11:02 AM.

Good grief. Your old lender gets a check from the new lender.

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