As you recover from summer vacations and prepare to splurge on the holidays, fall’s financial demands make mortgage refinancing look especially enticing. But, is this process something you can reasonably handle alone? If you’re interested in a new mortgage loan but aren’t sure whether to hire a civil attorney, take a look at the guide below.

Why Would You Want to Refinance Your Mortgage?

Mortgage refinancing is especially smart for families struggling to make ends meet in the fall. Instead of trying to come up with funds to buy home decor, groceries, and gifts, why not use this strategy to save some money? Ideally, you could replace your existing loan with one that has a lower interest rate, so you could save money every month. Or, it might have a longer payment period, so you can stretch out fees over time.

Why Should You Hire an Attorney to Do So?

If there are any discrepancies between the refinance transaction application and commitment, you might not obtain the approval you expected. Unfortunately, the mortgage lender and their associates might not point this out to you in time or help you remedy it, as they’ll be working for themselves. But, with a civil attorney on your side, you can stay one step ahead of filing errors and enjoy the peace of mind that comes with a professional’s vigilance.

When you refinance your mortgage, you don’t just erase the existing loan when you replace it—you technically pay it off by replacing it with the new loan. Therefore, it’s imperative that the first mortgage loan be taken off the record of your property once it is “paid.” If the mortgage of record is not discharged, you might run into trouble if you decide to sell your home in the future. While many closing processes come to a halt because of this mistake, a civil attorney has the skills to ensure your mortgage refinance transaction is handled properly.

If you’ve decided to work with a civil attorney and avoid these missteps, get in touch with Lee, Livingston, Lee, Nichols & Barron of Dothan, AL. Since 1948, this team has helped clients through a wide range of legal battles, from workers’ compensation to real estate cases. To learn more about their civil practice areas, visit the website. You can also call (334) 792-4156 to schedule a free consultation with a respected attorney.