Refinance

Refinance

Refinancing refers to the act of replacing an existing debt obligation with a debt obligation under a different term and rate. Leading financial institutions rely on Escrow of the West to guide them through the intricacies of a Refinance escrow. Refinancing can be arduous and requires creative thinking as well as adherance to rigorous deadlines.

Reasons to Refinance:

  • To reduce the monthly repayment amount of the debt owed
  • To take advantage of a better interest rate on the debt
  • To consolidate other debts into one loan
  • To free tied up cash
  • To switch from a variable-rate to a fixed-rate loan