Articles Comments

Debt Relief – Insolvency – Bankruptcy Information » Mortgage Refinancing » How long does it take to pay off existing mortgage after refinancing?

How long does it take to pay off existing mortgage after refinancing?


  1. After refinancing how long dose it take to pay off your existing mortgage? Hi I just refinanced my mortgage and it closed a week and a half ago. I refinanced with the same...

  2. I am refinancing my mortgage, can I start to sell the house now? I am refinancing a ballon to a fixed rate mortgage and in the agreement it says that I have to...

  3. Mortgage Refinancing market: good or bad right now? I am a soon to be college grad that is currently interviewing with Wells Fargo to become a Credit Manager...

  4. Mortgage Refinancing Questions & Answers Freedmont Mortgage CEO Carl Delmont answers questions about mortgages, including a question about refinancing at a time when banks...

  5. Mortgage Refinancing Mortgage Refinance Refinancing Mortgag was designed to help people with making good Mortgage Refinancing decisions. ...

Written by

Filed under: Mortgage Refinancing · Tags: , , , , ,

2 Responses to "How long does it take to pay off existing mortgage after refinancing?"

  1. TPM says:
    Your previous mortgage is paid off at closing on your refi.

    I read your previous question.
    If you closed yesterday or today then your loan should fund in 3 business days, which will mean your old mortgage will be payed off before February and you won’t have to make the payment. (February payment that is, you probably have to make the January payment if you have not already)

  2. Tres7 says:
    I agree that the mortgage is paid off when your refi loan closes. The actual release of mortgage will take up to 30 days, but if it is not released you will need to follow up with them and make sure they do so that later you do not have a lien against your home. Your refi mortgage company may keep an eye on that because they want to be sure they are the first lien holder….but make sure it is done. Every once in a while a mortgage will not be released even though most states have laws regulating the time period to get this done. Good Luck!

Leave a Reply

Connect with Facebook


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Not finding what you're looking for?
Do a custom search of our entire site:

Get Adobe Flash player