Refinance
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, from obtaining a lower interest rate and payments to liquidating 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. The tables below show our escrow and title rates compared with the industry average:
| Escrow Fees, all loan amounts: | Our Rates | Industry Norm |
| Escrow/Closing Fee | $495 | $550 |
| Loan tie-in fee | $0 | $50 |
| Notary | $0 | $150 |
| Courier | $0 | $45 |
| Title Insurance: | Our Rates | Industry Norm |
| Loan Amount | Premium | Premium |
| $0 – $250,000 | $350 | $450 |
| $250,001 – $500,000 | $425 | $750 |
| $500,001 – 750,000 | $580 | $1050 |
| $750,001 – $1,000,000 | $660 | $1,250 |
| $1,000,001 – $1,250,000 | $945 | $1,500 |
| $1,250,000 – $1,500,000 | $945 | $1,700 |
| $1,500,000+ | Call | |
- Leon F.
