posted
If the terms for the mortgage are otherwise the same (fixed, length of remaining time, et cetera), you probably don't need a mortgage attorney.
Even if they're different, a CPA who knows mortgages is probably a better investment.
Most likely everything is fine. Banks are being very conservative about mortgages right now, so they aren't very interesting. Anyone they're willing to give a mortgage to generally should get a pretty good mortgage.
Posts: 15770 | Registered: Dec 2001
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posted
Yeah, I wouldn't worry about getting a lawyer. We recently refinance through Wells Fargo, and didn't get a lawyer to check the paperwork - it was just a routine refinancing, after all. If you're going through a smaller bank/non-traditional company, or have odd terms, then you should consider getting a professional to look over the paperwork.
Posts: 2409 | Registered: Sep 2003
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posted
Looks like sound advice. Unless things are being changed drastically, I wouldn't worry about finding an attorney or accountant to look over things.
About six months ago, I would have been clueless...now I work as a foreclosure paralegal and look at mortgages and things all day.
(edited to fix typo)
Posts: 691 | Registered: Nov 2008
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