County Abstract Company - Pennsylvania Title Insurance Refinancing

What is Refinancing?
It’s the process of taking out a new mortgage loan.  In the process, your current loan is paid off and you begin making payments on the new loan.

Reasons to Refinance
There are three main reasons for refinancing your home:
  1. Decrease your mortgage payment by taking advantage of lower interest rates.
  2. Consolidate payments by combining existing mortgages or credit card balances into the new mortgage.
  3. Take cash out by increasing the new mortgage amount.
Whatever your reason, evaluate your financial situation carefully to decide if refinancing is a good idea!

What Lenders Focus on:
Lenders will focus on the following factors when evaluating your eligibility for refinancing your loan:
  ~ Your Income
  ~ Your Savings
  ~ Your Debts
  ~ Your Credit history
  ~ Your Employment History

Prior to & During the Refinance Process:
  ~ Try to reduce your expenses as much as possible
  ~ Avoid any major purchases such as cars, major appliances, etc.
  ~ Be sure to continue to make any loan and credit payments in a timely manner, even those you may
     intend to pay in full as result of the refinance!

Selecting Your Lender
A very important part of refinancing your current loan is finding the right lender.
A professional and reliable lender will handle your transaction with care and confidentially.

Refinance Pennslyvania Title Insurance
When you refinance your mortgage, the new mortgage lender will require a new PA Title Insurance policy for the new lender.  In Pennsylvania, if your old mortgage was insured within the past two years, you will be entitled to a discount, 70% of the re-issue rate.  If your old mortgage is less than 4 years old, this discount is 80% of the re-issue rate.

Please use our PA Title Insurance Calculator to determine what your refinanced PA Title Insurance Premium will be or Contact Us directly about all Pennsylvania Title Insurance Rates