Question by A.S: Refinance mortgage with no fees, but how is the lender making money?
My lender is offering me a lower interest rate and no lender fees. I know that if I go for this lower rate, my mortgage will reset back to 30 years. I am not keen about extending the life of the loan.
I don’t understand how the lender is making money from this refinance.
What is the catch, what is my advantage except that my monthly payment will be lower?
Answer by Yirmiyahu
Other “garbage” fees
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