What to Expect at Your Refinance Closing

Refinancing your home can lower your interest rate, reduce your monthly payment, or give you access to equity—but it still ends with a formal closing. Just like when you bought your home, your refinance closing involves signing documents, reviewing loan terms, and finalizing the deal. 

What Happens at a Refinance Closing? 

• You sign your new loan documents 

• Your old mortgage is paid off 

• Any closing costs or prepaid items are settled 

• The new mortgage is recorded with the parish clerk 

• If it’s a cash-out refinance, you receive funds after the waiting period 

What You’ll Sign: 

• Promissory Note 

• Mortgage/Deed of Trust 

• Closing Disclosure (with final numbers) 

• Payoff documents and affidavits 

• Title and legal disclosures 

Your closing agent will walk you through each one. 

3-Day Rescission Rule 

Most primary residence refinances come with a 3-day waiting period after signing. The loan won’t fund—and you won’t receive cash-out proceeds—until that period ends. 

Pro Tip: 

Make sure your ID is current, your wiring instructions are correct, and all borrowers listed on the loan are present at closing (unless a power of attorney is in place). 

Title Stream coordinates with your lender to handle title work, clear any issues, and ensure everything’s ready for closing day.