NYC real estate lawyer Natalia Sishodia releases a new article (https://sishodia.com/do-you-need-a-new-york-real-estate-attorney-when-refinancing-a-mortgage/) discussing the need for a real estate attorney when refinancing a mortgage. The lawyer mentions that even with rising interest rates, there are still opportunities to refinance at a reasonable price. Owners can save thousands each year by refinancing their mortgages.
According to the NYC real estate attorney, “It's difficult to ignore the continuous onslaught of advertisements enticing homeowners to refinance their mortgages in New York. Although appealing, not all refinancing options may be the right choice for you, and while many refinancing offers may be valid and scam-free, this is not always the case."
When deciding between traditional refinancing and CEMA, the lawyer advises that it is important to speak with a New York real estate attorney. The amount of money an owner will spend can be affected by how they choose to refinance, so having a skilled lawyer to guide them in making these choices is very important.
In the article, the lawyer mentions three reasons why a real estate lawyer in New York is needed when refinancing mortgages. First, scammers often target homeowners. To entice homeowners to make a quick decision to refinance, lenders often offer low-interest rates. A real estate lawyer might be able to help homeowners avoid unnecessary stress and anxiety associated with refinancing.
Additionally, attorney Sishodia mentions that the second reason an owner should have a lawyer is that a real estate lawyer may be able to help ensure that all documentation is understood and accurate. A real estate lawyer may also be able to help ensure that all documents related to mortgage refinance are correct and in compliance with the law.
Attorney Sishodia also states that the third reason an owner might need a lawyer is that having a real estate lawyer may be able to act as a liaison and may be able to help the client with the refinance process. She states that a lawyer may be able to help the client navigate the refinancing process and correspond with anyone the client needs to speak with.
Finally, an owner may be able to make more informed decisions with the assistance of a New York real estate attorney.
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