Refinance Closing Questions

[Oscar Zendejas]

Hi Bigger Pocket Members, I am currently trying refinance my property and trying to determine the best method for proceeding with the process. One of my lenders is stating all estimates will be changed at closing. Please advise

My situation:

I purchased my first home in 2012, and currently trying to refinance. My intentions are to perform a cash out refinance and within a few months, I would like purchase a new home and lease my existing property.

Many lenders I am dealing with claim to have programs that can perform to my intentions. I am flexible to working with the lender programs. An example is one lender is stating I can have two owner occupied homes within a 12 month period, but the conditions required I live in the refinance home for six (6) months.

My Questions:

1.In the process of a refinance, at what stage of the process can the lender not change any terms or costs?

2. At the point of signing loan documents, do I have a legal commitment to the lender or broker (I am concerned about major fee or cost increases)?

Any and all help is much appreciated. Thank you