With interest rates at an all time low, there has never been a better time to refinance. Many mortgage brokers and lenders are offering borrowers refinancing rates as low as 2.25 percent and little to no closing costs. You can even qualify for a reissue credit, which may save you thousands in title insurance, and which the title company is required to credit you at closing. A reissue credit is a discount off your title insurance, since the new lender will require you to purchase it. However, since you already own the home, you do not need to purchase a new policy. Rather, your current policy will be used to offer a credit. Make sure your title company honors your reissue credit.

Lenders such as Quicken Loans even offer a streamline refinance and programs for 15 year or 12 year mortgages. Refinancing could save you thousands at these low rates.

And remember, the title company is required. So if you do not select your own, the bank will choose one for you, which could increase your closing costs.

You have the right to select your own title company. At Jacqueline Salcines, PA we have been assisting borrowers with their refinancing needs for over 20 years. Attorney Jacqueline Salcines PA will perform the closing and make sure you get the best rates and the best prices when you refinance. Consult with us today.