REFINANCE ESCROW PROCESS
A refinance requires paying off an existing mortgage with the proceeds of a new loan, typically to get a lower interest rate, a lower mortgage payment, or better loan terms. A refinance is similar to a home purchase in many ways. While there are no home inspections, escrow is still necessary and the process is similar. As a full-service escrow company, New Era Escrow has the experience and skill necessary to handle all types of refinance transactions.