Refinancing your home may mean covering some pre-paid charges, such as taxes, insurance and interest. At TLC Lending, we like to give you options.

• If your current home loan is with another lender and your taxes and insurance are included in your monthly payment, TLC Lending will set up an escrow account to continue this convenience. This will depend on the date, as taxes and insurance renewal will vary from loan to loan. This means you may be responsible to cover a certain number of months. When your loan closes, you will also be responsible for pre-paid interest. Interest that is accrued will be reflected when your current lender is paid off.
• If your current home loan is with another lender and your taxes and insurance are not included in your monthly payments, you'll be required to show proof of payment of insurance at the close of escrow. Pre-paid interest will also be your responsibility.

Whenever you refinance your home, you pay both accrued interest on your existing loan as well as pre-paid interest on you new loan for the current month. At TLC Lending we take the guess work out of your life when you want to refinance your home. Our qualified staff of caring consultants are ready to give you the personalized care you deserve.

Are you ready to refinance? Why Wait? It's fast, it's free, and it's easy. Get a free quote now!