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might be a silly q, about re-financing

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JDubs
different, not less

Member since 7/09

13160 total posts

Name:

might be a silly q, about re-financing

i just had a question about refinancing... do you need to hire a lawyer again even if you are going through your same bank?

Posted 2/10/12 12:55 PM
 
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GoldenRod
10 years on LIF!

Member since 11/06

26792 total posts

Name:
Shawn

Re: might be a silly q, about re-financing

No, you don't. It's a purely monetary transaction, not a real estate transaction, so you don't need an attorney.

Posted 2/10/12 1:32 PM
 

JDubs
different, not less

Member since 7/09

13160 total posts

Name:

Re: might be a silly q, about re-financing

Posted by GoldenRod

No, you don't. It's a purely monetary transaction, not a real estate transaction, so you don't need an attorney.



ok i was just confused because when i called the bank up to inquire about refinancing she said she added on about 5-6k in closing costs when quoting me which includes title and attorney fees...

Message edited 2/10/2012 4:44:47 PM.

Posted 2/10/12 4:44 PM
 

GoldenRod
10 years on LIF!

Member since 11/06

26792 total posts

Name:
Shawn

Re: might be a silly q, about re-financing

I spoke with a bank recently about re-fi, and asked this explicitly, and they said you definitely don't need one. There are lots of fees for title search, appraisals, etc, etc.

Posted 2/11/12 12:01 PM
 

shadows
LIF Adult

Member since 1/10

4694 total posts

Name:

Re: might be a silly q, about re-financing

don't need one... i just refi'd and we did not use a lawyer.

Posted 2/11/12 12:28 PM
 

JDubs
different, not less

Member since 7/09

13160 total posts

Name:

Re: might be a silly q, about re-financing

ok great, thanks!

Posted 2/12/12 8:51 AM
 
 

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