What Fees Will You Pay to Refinance Your Mortgage?
So you've been thinking about refinancing your mortgage? Perhaps you missed out on the recent ultra-low mortgage rates of recent months but the current rates are still lower than what you're paying now? Or maybe you're thinking that mortgage rates might dip back down again and you want to be ready to take advantage when they do?
The key question you have to ask yourself is, will refinancing save you money? It's not enough just to obtain a lower interest rate - a big part of the answer to that question depends on the fees you'll need to pay to refinance.
A refinance is just a new mortgage
It shouldn't come as any surprise that refinancing your mortgage is going to cost money. After all, Further information:
- Mortgage refinance FAQ
- Mortgage refinance
- Fannie Mae
- FHA Streamline Refinance
- VA Loans
- Jumbo Loans
- Documents you need for a mortgage refinance
Wave of Home Equity Defaults Coming?
How Refinancing Can Hurt Insurance Rates