Purchase and Refinancing: What's Different?

Are you looking to buy a home? Or are you already a homeowner looking to refinance?

One way or the other, a mortgage is in your near future. Purchasing or refinancing a home is challenging, but having a solid grasp of the between the two can make a huge difference. Let’s explore the fundamentals of each in an attempt to help you choose which one is right for your situation.

Purchase = New Home

is the money you borrow from a lender to finance buying a new home.

Refinance = Existing Home

is when you take out an additional loan on your home to lower your interest rate.

How We Can Help You?

Blending the best of both worlds, Title Inc. is here to help you align your personal and professional goals by purchasing a new home and refinancing an existing mortgage on a primary house in one simple transaction. Let the experts at Title Inc help you with our innovative solutions and efficient underwriting process. We can close on both transactions. Need help in deciding?