Securing a new mortgage to pay off existing loans or to take cash-out is known as refinancing. There are many reasons why an individual may choose to refinance. Refinancing may allow individuals to obtain lower interest rates and payments, pay off their loans more quickly, and liquidate equity. Whatever your goals are, IPL Mortgage is here to help you accomplish them.
When refinancing a mortgage and comparing multiple lenders, it is important to compare all costs associated with the transaction to truly determine who is offering the best deal. Not only are IPL Mortgage's rates and fees amongst the lowest in the industry, but so are the escrow and title services we've negotiated. Below are tables showing our escrow and title rates compared with the industry average:
| Escrow/Closing Fee |
$450 |
$550 |
| Doc Prep |
$0 |
$125 |
| Notary |
$0 |
$150 |
| Courier |
$0 |
$45 |
| |
| Loan Amount |
Premium |
Premium |
| $0 - $250,000 |
$300 |
$450 |
| $250,001 - $500,000 |
$450 |
$750 |
| $500,001 – 750,000 |
$550 |
$1050 |
| $750,001 - $1,000,000 |
$660 |
$1,250 |
| $1,000,001 - $1,250,000 |
$760 |
$1,500 |
| $1,250,000 - $1,500,000 |
$860 |
$1,700 |
| $1,500,000+ |
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