Refinancing escrow
Refinancing your home? We keep it moving.
Changing lenders or taking a new loan? We handle the payoff, the new loan and the paperwork.
Which path are you on?
Your old loan
Payoff handled by escrow
Your two paths
Same lender or a new one? Here is what happens.
What happens to your existing escrow account depends on the path you take.
Step 01
Old escrow account closed
The account with your old lender is closed.
Step 02
Payoff set up by escrow
We handle the payoff of the old loan.
Step 03
New account opened
A new escrow account starts with the new lender.
Remaining funds in the old escrow account are returned to you.
How escrow works in a refinance
The paperwork, the rules and the people, kept on time.
Escrow holds the funds and confirms every condition before your refinance closes.
01
Paperwork
Proof of payment, settlement statements and title reports, delivered on time by every party.
02
Legal compliance
State, federal and local refinance rules, kept up to date for your file.
03
Communication, seven days a week
Agents are available every day and keep you, both lenders and every other party informed.
After your refinance
What changes once you have more equity.
The two questions homeowners ask most after a refinance.
Can escrow end at 20% equity?
Below 80% loan-to-value, escrow may be removable. Your lender may still require it, so confirm first.
Typical funding time
1–3
business days after closing
Lender policies and recording offices can change this.
FAQ
Refinance escrow questions
Plain answers. For fees and your specific situation, talk to an escrow officer.
- The old account closes, remaining funds come back to you and a new account opens with the new lender.
- It can. Once your loan-to-value drops below 80% (at least 20% equity), many lenders let you remove the escrow account for property taxes and insurance. Some loans, insurance policies or local rules still require it, so confirm with your lender first.
- Fees depend on the size and complexity of the transaction, usually a percentage of the price or a flat rate. They cover managing the escrow account, preparing instructions, coordinating with the title company and disbursing funds. Ask us for a quote before you open escrow.
- Usually 1–3 business days after you sign. The escrow officer coordinates with the lender to pay off the old loan and settle any remaining balances. Lender policies, recording offices and open conditions can change the timeline.
Start your escrow
Have a transaction coming up?
Answer three short questions. An escrow officer calls you back.
Licensed by the California DFPI- Member of the Escrow Institute of California
- Service in English and Español
Prefer to talk?(626) 655-7839