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Updated over 13 years ago on . Most recent reply

J S.'s profile image
J S.'s profile image
J S.
  • from Muskegon, Michigan
  • Member since Jan 7, 2012
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J S.'s profile image
J S.'s profile image
J S.
  • from Muskegon, Michigan
  • Member since Jan 7, 2012
Connect
J S.
  • Muskegon, MI
0
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Private Lending & Conventional Mortgage Advice

Refinancing Private Mortgage Procedure

J S.
  • Muskegon, MI
Posted

We financed the purchase of a home for our daughter. We are agreeable to refinancing the loan at a lower rate. The original mortgage was secured with a promissory note and a mortgage document filed with county. Can we handle the refinance with just a new note or do we have to discharge the existing mortgage and resubmit a new mortgage document for recording?

Thanks for your help!

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