How much does it cost out of pocket to refinance?

  • It is more common than not when  refinancing, to add the costs associated with getting a new mortgage into the total refinancing amount. This allows you to come to closing with NOTHING out of pocket, except for the appraisal fee.
  • Keep in mind, that doing a “Cash-out Refinance” mortgage may result in a longer loan term, which also may result in paying more interest over the life of the loan.
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