Doug Francis

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Saving money is always why people want to start the hassle of refinancing. And with today’s fixed rates around 5%, I get calls and e-mails from past clients with questions about their options all the time. It is nice to be considered their go-to guy when it comes to real estate questions, and now you too shall know the big refinancing secret strategy… as long as you live in Virginia. In Virginia, it is essential that you start with your current lender. Sure, but Doug the Internet is full of better looking deals than my lender’s web site, you say. That may be true, but the Internet is sometimes filled with people offering too-good-to-be-true deals. Don’t get me started on this topic right now because I will cover that issue later. Again, in Virginia, if you refinance with the same lender then there is a “recordation tax exemption” for the mortgage. In my case, that would be about a $3,000 savings right off the bat! For those of you with a legal background or curiosity, you may reference

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