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Debt Relief – Insolvency – Bankruptcy Information » Mortgage Refinancing » Refinancing a mortgage loan? But the bank is no where near me.?

Refinancing a mortgage loan? But the bank is no where near me.?

My mortgage loan is about to be sold to Chase and my payments will begin to be made payable to them next month. I would like to refinance but I live in a very rural area and there is actually not a Chase within 200 miles from me.

Can I refinance with them without being close to them? Would that be a hassle? Also I have an appraisal from about 3 months ago, can they use that appraisal or will they use their own and how will that work since I am so far away?

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2 Responses to "Refinancing a mortgage loan? But the bank is no where near me.?"

  1. Biggie @ Arbor Mortgage says:
    You probably can set up an account online & pay your mortgage. If you refinance, they will probably send you your application via email. They will probably use their own appraisal, but make sure you tell them you have one from 3 months ago.
  2. glenn says:
    If you wish to refinance with another company you can have them arrange (thru the escrow or title company) to pay off the Chase loan. If you wish to refinance thru Chase, I would call them up and speak to them directly. The reason a bank has an appraisal done is to protect them- not you so they will very likely require that a new appraisal be done by someone they trust- but I would tell them about it and see what they say.

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