If considering a St Petersburg Beach real estate mortgage refinance, even a small rate cut can pay off quickly. That's because you can easily find mortgage loan companies willing to waive routine refinancing charges such as application, appraisal and legal fees (which can add up to $1,550 to $3,100). Of course, in exchange for low or no up front costs, you'll have to be willing to accept a mortgage loan rate that's somewhat higher than the prevailing rock bottom. For the best St Petersburg Beach Florida mortgage loan rates, do a rate search now.
For Saint Petersburg mortgage refinance loans, the law says the borrowers need to wait out a full 3 days (till after midnight the third day not counting the day of escrow sign off) before the loan could be funded. These days, this three day rescission right can't be waived. During the three day time period, a borrower can legally rescind (refuse or change their mind about getting the loan) the deal without any legal obligation.