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Key points to consider in a New Jersey home refinancing

On Behalf of | Apr 12, 2021 | Real Estate |

Almost any informed discussion centered on New Jersey home ownership will necessarily stress at the outset that every involved individual or family is unique. No home-linked matter that requires practiced legal input will ever be boilerplate or effectively dealt with by a cookie-cutter strategy.

Candidly, such strategies are routinely pursued by real estate industry actors lacking legal acumen or any so-called fiduciary duty to act in the best interests of their clients. That is true across a wide spectrum of real estate concerns and transactions.

For example: Home refinancing, a topic we address in depth on our website at the established and results-driven Central New Jersey real estate law firm of Mariano & Coiro, P.C.

We stress therein that “lenders often attempt to circumvent attorney participation” in refinancing matters. Lenders do so by urging homeowners to sign off on services — often pricey offerings — that are devoid of any legal advice and more focused on generic information. Many lenders seek to profit in home refinancings “by steering [consumers] to their own title companies or other settlement services with which they are affiliated.”

Protecting your interests in a New Jersey home refinancing

There are many reasons that a New Jersey homeowner seeking new financing might reasonably reach out to a real estate legal team with a demonstrated record of advocacy on behalf of diverse clients. A proven attorney can help ensure that a client is fully protected and has peace of mind knowing that key matters such as the following have been addressed and resolved:

  • Prior mortgage was properly discharged and new mortgage terms/conditions are fully understood
  • All title issues have been taken care of (including clear title for client’s protection and future sale of the home, and procured title insurance relevant to the new mortgage)
  • Insurance issues have been fully addressed, including new lender being added to a homeowners policy
  • Closing requirements were all satisfied, with related costs being timely disclosed and fully explained

A home refinancing is obviously a material and important undertaking for any New Jersey resident. We stand ready to help valued clients ensure that the process is fully understood and successfully accomplished.

We welcome contacts and the opportunity to provide diligent legal assistance at Mariano & Coiro. Our legal team can be reached by phone at 732-860-7620 or through our contact page.