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The Agreement of Mortgagees Whose Fws  Form

The Agreement of Mortgagees Whose Fws Form

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do you know the difference between a renewal and a refinance let me explain renewing your mortgage means reaching an agreement with your current lender to continue your mortgage for a new term usually 6 months to 5 years if you renew you're not borrowing any extra money and in most cases you don't need to be requalified refinancing is replacing your existing mortgage with another one for a higher amount at which point a new application will have to be done with requalification at renewal time it is the best time to refinance because if you do so during the term you may need to pay a penalty for breaking the mortgage plus appraisal and setup fees is your mortgage up for Renewal soon call me to see what your options are

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