Maryland Mortgage Refinancing Lawyer
Refinancing your mortgage loan can help or hurt your finances. We can help you examine your options.
Although restructuring your mortgage can make it more affordable, there are many pitfalls along the way which can actually damage your finances. For this reason, you may want to consult with an experienced Maryland mortgage refinancing lawyer before making the decision to refinance.
At Chaifetz & Coyle, P.C., we understand the pressures you face when refinancing your home – and the high stakes involved. Call us today at 443-546-4608 for more information on your choices.
Refinancing a mortgage is one of the most common ways for homeowners to reduce their monthly payments. By restructuring the payment plan and/or interest rate of your mortgage, you may be able to reduce the financial burden it places on you and your family.
However, refinancing is not always the best option. It is important to remember that refinancing your mortgage does not eliminate or reduce your debt obligations – it simply changes the way you pay them. It is possible that refinancing your mortgage could actually increase the total amount you have to pay out over time.
Is Refinancing in Your Best Interest?
Before deciding to restructure your mortgage loan, you should take a long, hard look at your financial situation and goals. You must decide whether refinancing is the best way to deal with your financial pressures – or whether you would benefit more from mortgage modification or other options.
The Maryland mortgage refinancing attorneys of Chaifetz & Coyle, P.C. can advise you on your refinancing options and protect you from predatory refinancing practices. For more information on dealing with your mortgage burden, call us at 443-546-4608.