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How Refinancing a Property Can Affect Your Estate Plan
Will refinancing a property affect your estate plan? Tilden Moschetti, Esq. of the Moschetti Law Group in Calabasas, CA (https://moschettilaw.com) answers some of the frequently asked questions he and his estate planning law firm gets from clients.
The mortgage business is booming right now. Refinancing is taking a long time because lenders have been inundated with requests. My wife and I just finished ours and it took more than 5 months!
Historically low interest rates have created an almost frenzied environment with homeowners scrambling to refinance their home loans at these low interest rates. Even a few tenths of a percentage point of interest, over thirty years, can make a massive difference in the amount of interest that is ultimately paid on a loan.
For many, it makes perfect sense to take advantage of these interest rates. Besides the associated transaction fees of refinancing, there is frequently little to no downside to refinancing in times like these. However, one often overlooked consideration is the impact that refinancing your home could have on your estate plan.
Hope this was helpful!
MEET with the Moschetti Law Group:
https://estate-and-legacy.com/welcome
SUBSCRIBE to get the latest: https://www.youtube.com/channel/UCVh1CNQULC45Bh6j4WV2sjA?sub_confirmation=1
Connect with the Moschetti Law Group online:
Visit the Moschetti Law Group WEBSITE:
https://moschettilaw.com
Like the Moschetti Law Group on FACEBOOK: https://www.facebook.com/real.estate.and.estate.planning.lawyers
Follow @moschettilaw on TWITTER:
http://twitter.com/moschettilaw
Follow the Moschetti Law Group on INSTAGRAM:
https://www.instagram.com/moschettilaw/
About the Moschetti Law Group:
Moschetti Law Group is an estate planning and real estate law firm located in Calabasas, California. We believe in your legacy and are committed to growing it and protecting it for you and your family.
We built our firm on a set of principles that puts our clients first by providing outstanding representation, aggressive negotiation, and world-class client service and communication. Schedule a consultation to discuss how the Moschetti Law Group can support you and your goals.
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By Tilden MoschettiWill refinancing a property affect your estate plan? Tilden Moschetti, Esq. of the Moschetti Law Group in Calabasas, CA (https://moschettilaw.com) answers some of the frequently asked questions he and his estate planning law firm gets from clients.
The mortgage business is booming right now. Refinancing is taking a long time because lenders have been inundated with requests. My wife and I just finished ours and it took more than 5 months!
Historically low interest rates have created an almost frenzied environment with homeowners scrambling to refinance their home loans at these low interest rates. Even a few tenths of a percentage point of interest, over thirty years, can make a massive difference in the amount of interest that is ultimately paid on a loan.
For many, it makes perfect sense to take advantage of these interest rates. Besides the associated transaction fees of refinancing, there is frequently little to no downside to refinancing in times like these. However, one often overlooked consideration is the impact that refinancing your home could have on your estate plan.
Hope this was helpful!
MEET with the Moschetti Law Group:
https://estate-and-legacy.com/welcome
SUBSCRIBE to get the latest: https://www.youtube.com/channel/UCVh1CNQULC45Bh6j4WV2sjA?sub_confirmation=1
Connect with the Moschetti Law Group online:
Visit the Moschetti Law Group WEBSITE:
https://moschettilaw.com
Like the Moschetti Law Group on FACEBOOK: https://www.facebook.com/real.estate.and.estate.planning.lawyers
Follow @moschettilaw on TWITTER:
http://twitter.com/moschettilaw
Follow the Moschetti Law Group on INSTAGRAM:
https://www.instagram.com/moschettilaw/
About the Moschetti Law Group:
Moschetti Law Group is an estate planning and real estate law firm located in Calabasas, California. We believe in your legacy and are committed to growing it and protecting it for you and your family.
We built our firm on a set of principles that puts our clients first by providing outstanding representation, aggressive negotiation, and world-class client service and communication. Schedule a consultation to discuss how the Moschetti Law Group can support you and your goals.