Closing cost
Refinancing Fees
As with your original mortgage, there are fees involved with refinancing a mortgage. These too are important to understand because their cost needs to be considered in order to decide if refinancing is even a wise option.
Loan origination and application fees.
Most lenders, no matter what type of loan they're writing, will charge loan origination fees and application fees. This is meant to recoup the cost of running a credit report, verifying employment, processing that paperwork, and so on.
Usually these fees ... Read More »