Q&A: After refinancing how long dose it take to pay off your existing mortgage?

Question by aja horne: After refinancing how long dose it take to pay off your existing mortgage?
Hi I just refinanced my mortgage and it closed a week and a half ago. I refinanced with the same company, went online and it showed the new loan on there with the first payment. It also showed the old loan showing a payment.

Best answer:

Answer by KellyB
Call the mortgage company, when you refine the house a whole new set of papers and contract are drawn up at the new rate and monthly payments. The old one show not be showing open as well…thank you…K

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