Refinancing might make sense right now since rates continue to stay low. The downside, however, is how expensive it can be to refinance. What if you could refinance with no closing costs? Wouldn’t that be a dream come true? The good news is that you can refinance without paying closing costs. The bad news, though, is that it’s not always to your benefit to do so. Looking for Current Mortgage Interest Rates? Click Here. We discuss your options and their consequences below to help you … [Read more...]
FHA Streamline Refinance: How Much Are Closing Costs?
Many people that we speak with regarding the FHA streamline refinance program ask "how much in closing costs should we expect?" and when people ask, our general answer is "it depends." FHA Streamline Refinance Closing Costs: With the FHA streamline refinance program, there are lender fees, title fees, possibly appraisal fees and other smaller fees such as the government recording fees. The sum total of these fees should be somewhere in the neighborhood of 2-3% of your loan … [Read more...]