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Updated about 13 years ago,
Refinancing Private Mortgage Procedure
We financed the purchase of a home for our daughter. We are agreeable to refinancing the loan at a lower rate. The original mortgage was secured with a promissory note and a mortgage document filed with county. Can we handle the refinance with just a new note or do we have to discharge the existing mortgage and resubmit a new mortgage document for recording?
Thanks for your help!