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Debt Relief – Insolvency – Bankruptcy Information » Mortgage Refinancing » How does mortgage refinancing work? Does your new lender inform your old lender?

How does mortgage refinancing work? Does your new lender inform your old lender?

If you have a mortgage loan from a bank and went to a different bank for refinancing. What is your responsibilities? Do you inform your old lender?

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2 Responses to "How does mortgage refinancing work? Does your new lender inform your old lender?"

  1. Common Sense says:
    Good grief. Your old lender gets a check from the new lender.
  2. the kid says:
    When you close on the refi, the title company sends a check to satisfy the old mortgage. You don’t have to do it yourself.

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