– In order to get a No Closing Cost Refinance you will need to accept a slightly higher rate than a normal No Points mortgage. Usually about .250% to .500% higher. Non-Recurring Closing Costs include the following: Appraisal Fee, Credit Report, Lenders Fees, Broker Fees, Title Insurance, Escrow Fees and Recording Fees.
Refinance in less than a year? Maybe – CHICAGO (MarketWatch) – Low mortgage rates have some homeowners considering. Work out how long it will take you to benefit from the refinance after paying closing costs, and compare that time frame.