Real Estate Attorney in Morris County NJ
Real Estate Closings  

During a refinance transaction, the borrower, the current owner of the Property, obtains a new mortgage, and the old mortgages are paid off and discharged of record. Usually this is done because the owner, now the borrower, has obtained a more favorable interest rate or better terms. Sometimes, people refinance in order to take the equity out of their home.   





The Law Office Of Martin D. Eagan
52 Maple Avenue
Morristown, NJ 07960
Tel.: (973) 898-7300 | Fax: (973) 734-1903

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