REFINANCING
ESCROW SERVICES
Are you planning to refinance your mortgage? All real estate transactions tend to be complex, particularly so if you are changing lenders. You need help in consolidating the debt or making equity withdrawals on your property. Professional escrow services make the process quicker and easier.
And that’s precisely what you get with Lightspeed Escrow. We are real estate experts that built Lightspeed Escrow to simplify the process for our clients. Now, you can use our expertise to make refinancing as painless as possible. Our escrow agent will advise every step of the way and help you finish quickly, while avoiding any mishaps or late fees.
Professional Escrow Guidance and Speedy Transactions
You can use your escrow account to accurately and speedily complete your transactions regardless of the circumstances of your mortgage refinance. Our escrow agent will be at your disposal to advise you at every step of the process, regardless of whether you are
Staying with Your Old Lender
Even if you are staying with your old lender when you refinance the mortgage, the escrow account for the old loan remains with it. You cannot transfer the funds to the new loan, but the property tax and insurance you paid until now will be returned to you by check or wire transfer.
Consequently, even when you are refinancing with the same lender, the process is not straightforward. And that is why your Lightspeed Escrow agent will be there to assist you.
Or Switching to a New One
When you are switching to a new lender, you will need to close your old escrow account and open up a new one. Unsurprisingly, this makes the process even more complex. Lightspeed’s agents can assist you in closing your old account and opening the new one.
Dealing with the Paperwork
Many documents are required when refinancing your mortgage - from proof of payment, to settlement statements, to the tile, just to name a few. We make sure all the required documents are provided by all parties on time to avoid any delays.
Making Sure the Refinance is Compliant with the Law
Refinancing is governed by state and federal laws, and local regulations. And these regulations can change yearly. Lightspeed Escrow stays on top of the changes to make sure that your refinance is compliant with all applicable laws and goes smoothly.
Facilitating Communication
Our escrow agent will be at your disposal every day of the week to give you advice or answer any questions. But to avoid any problems, the other parties in the transaction need to be informed of what’s going on too. We will make sure that there is no miscommunication that could cause issues.
Transparent and Professional Escrow Services for Refinancing
At the end of the day, your goal is for the refinancing to go through as quickly as possible. That is what Lightspeed Escrow was built for. We will make sure that everything in the process is done correctly, help you with the paperwork, and advise you every step of the way.
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