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Refinance Attorney Daniel Island SC
Paperwork for a refinance loan provided by a Refinance Attorney

Looking to Refinance Your Home? Talk with a Refinance Attorney for Daniel Island SC

Refinancing your home is a big decision to make. The idea to refinance is often spurred by other problems of finance and debt in your life. However, before you begin the process of replacing your old mortgage, allow a refinance attorney for Daniel Island SC to walk you through the process. Buxton & Collie, LLC, understand the benefits of refinancing and what to do and not do throughout the process.

The Good and Bad of Refinancing

Refinancing might be the best decision you can make to help protect and stabilize your financial situation. However, refinancing your home could just as easily backfire, pushing you further into debt, going as far as risking foreclosure on your home! Here are some of the best and worst things refinancing can do for you and your family:

  • The Good
    • Reduced Interest Rates – If the interest on your loan seems never to end, refinancing can help position you into getting a better loan with a lower interest rate.
    • Lower Monthly Payments – Similar to lowering interest rates, a new loan can also open the door to lowering your monthly payments.
    • Get a Fixed Rate – Refinancing isn’t only about getting lower interest rates but ensuring they stay there. Property refinancing gives you the chance to switch your loan type to a fixed-rate mortgage.
  • The Bad
    • Attached Fees – Refinancing your home isn’t free. And while the idea is to save you money in the long run, upfront costs can sometimes not make potential savings worth the price.
    • Extended Loan Period – When refinancing your home, lenders will pay off your old loan and offer you a new one. However, a new loan means a new loan period. You could be stuck in a “forever” cycle of never being able to pay off your mortgage by continually extending the loan term.
    • Not Enough Equity – Ultimately, refinancing depends heavily on the equity you have in your home (your home’s current value based on current market trends). If equity isn’t high enough, savings will be minimal and not worth the effort.
A model home next to coins and bags of money, representing home refinancing and a Refinance Attorney for Daniel Island SC

How We Help

A refinance attorney for Daniel Island SC will help you through the process. We ensure your property title is free of issues, your current loan documentation is accurate, and your application for a new loan is clear and concise. And if you need help beyond refinancing, Buxton & Collie has experience helping clients finalize property sales, expand their business, take care of estate planning and more.

Call Today

Is refinancing the right decision to make? Find out with the help of a refinance attorney for Daniel Island SC. Call Buxton & Collie, LLC, today at 843-606-2397 to request a consultation. Also, we are located at 940 Johnnie Dodds Blvd #100, Mt. Pleasant, SC 29464.