Updated over 13 years ago on . Most recent reply
Refinancing Private Mortgage Procedure
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!