Should I Have Attorney for Refinancing?
I am refinancing my mortgage with my current lender (big bank). It is a no-cost refinancing and they are sending a notary to have my wife and me sign the papers next week. All terms of the new loan will be the same as the old, except for the interest rate and the loan term. Everything is being handling by the bank - all I have to do is show up with a pen.
Should I have my attorney present? I'm pretty good with numbers and am familiar with contracts. Some say it would be a good idea, while others say it's a waste of money. There is a 3-day recision period after we close in which to review the documents.
Thanks for your thoughts.