Understanding the Unique Process of Fast Refinance

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<h1>Understanding the Unique Process of Fast Refinance</h1><strong> Author: <a href='http://www.articleseen.com/profile_Frank Zelasko.aspx'>Frank Zelasko</a></strong><br /><p>Refinancing your mortgage from one lender/credit provider to another can be lengthy, costly and time consuming. The new and efficient way to refinance your mortgage is to use "Fast Refinance." <b>What is Fast Refinance?</b> Fast Refinance is a unique refinance process whereby your new lender/credit provider uses a product called Title Insurance to: • Facilitate the refinancing of your loan in days, not weeks (faster same-day settlement) • Enable an "Unattended" refinance settlement (no settlement meeting or booking takes place) • Reduce settlement costs (all correspondence and funds sent electronically) • Streamline the mortgage loan process (requires minimal additional documentation) <b>What is Title Insurance?</b> Title Insurance provides protection to lenders/credit providers against known and unknown title defects on a security property. It offers additional risk cover to strengthen and enhance your legal interest in the mortgage and the security property. <b>Why Choose Fast Refinance?</b> You should refinancing your home mortgage with the same extreme care you put into getting your original mortgage, and it is just as big a financial decision. So when you are thinking of refinancing, you should consider the following benefits of "Fast Refinance" and more importantly why wait for up to 6 weeks or more to take advantage of these benefits, such as: • No Fees – most lenders do not charge Fast Refinance fees • Very quick Settlement – when all documents are received and certified you can have an approval in as little as one or two days • Savings – if refinancing at lower interest or extended term, it will save you money and even reduce your monthly repayment • Easy for you – as your new lender will contact your current lender and organise the new loan, you do not have to approach your old lender • Access to Funds – you may be able to access additional or surplus funds much quicker than when doing a standard refinance transaction • No Contact from your old Lender – process circumvents the old lenders “retention unit” from making contact to try and persuade you to stay with them <b>How Does Fast Refinance Work?</b> You will need to complete a new loan application with the new lender/credit provider and provide all requested documentation for your new loan, and the new lender/credit provider will: • Approve the loan application • Prepare all the Fast Refinance loan documents • Request you to sign and complete all the documents and state the “payout figure.” • Deposit into your old loan account sufficient money to reduce the loan balance to Nil • Pay you direct any surplus funds from the new loan <b>How Can a Finance Broker Help With Fast Refinance?</b> A professionally qualified finance broker is very experienced with arranging refinancing of client loans and he/she will help you in answering the following questions: • Am I eligible and how can I qualify for a "Fast Refinance" loan? • Can you help me to compare my current product features against the new product features before I decide to refinance my home loan? • Can you help me obtain formal approval to Fast Refinance my existing home loan and at the same time obtain pre-approval loan for new investment property? (http://www.singhfinance.com.au/residential-finance/investment-property-loans) • With a Fast Refinance loan can I access the equity from my existing owner occupied property to assist me in the purchase of a new investment property? • Will I be better off refinancing my existing home loan and consolidating my debts? • What documents do I have to provide when refinancing or consolidating my debts? • Can you help me to calculate the value of my home equity? • Can you help to calculate my present loan-to-value ratio? So, don’t forget to help of a finance broker. He/she will make you ready for fast refinance and ensure that you get cheaper rates and a better deal.</p><strong>About the Author:</strong><br />Singh Finance is a reputed Australian finance brokerage that employs the best finance brokers of the industry to help you with <a rel="nofollow" href="http://www.singhfinance.com.au/residential-finance/refinance-home-loans">cheap rate home loan refinance</a>. The firm will even find you a new <a rel="nofollow" href="http://www.singhfinance.com.au/residential-finance/low-doc-finance">low rate low document home loans</a> to ensure affordable repayments. Call on 0424 190 908 or enquire online now.<p> Article Source: <a href='http://www.articleseen.com/Article_Understanding-the-Unique-Process-of-Fast-Refinance_309074.aspx'> http://www.articleseen.com/Article_Understanding the Unique Process of Fast Refinance_309074.aspx</a></p>

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Keywords : Mortgage refinance, fast refinance, title insurance, settlement costs, lower interest rate, reduce monthly repayment, loan d,

Category : Finance : Real Estate