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Showing 2 mortgage refinance companies in New London, CT
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Homestead Funding : Keith Turner
8 Union St, New London, CT 06320
8604440650
Waterstone Mortgage Corporation
111 Huntington St Suite 1, New London, CT 06320
6176400524
What Does a Mortgage Refinance Company in New London Cost?
Typical costs for a mortgage refinance in Connecticut include an origination fee of 0.5 to 1.0 percent of the loan amount, an appraisal fee of 400 to 700 dollars, and title insurance costs of 500 to 1,000 dollars. Closing costs generally total 2 to 5 percent of the loan principal. These amounts vary by lender and loan type. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What documents do I need for a mortgage refinance in New London?
You typically need recent pay stubs, tax returns, bank statements, and proof of homeowners insurance. Connecticut lenders also require a property appraisal. Gather these documents before you apply to speed up the process.
How long does a mortgage refinance take in Connecticut?
A standard refinance in Connecticut usually takes 30 to 45 days from application to closing. Delays can occur if the appraisal is slow or if there are title issues. Your lender will provide a timeline estimate.
Are there Connecticut specific rules for refinancing?
Yes, Connecticut has a three day right of rescission for most refinances. This means you can cancel the loan within three business days after signing. Connecticut also limits prepayment penalties on certain loans under state law.