Question by Edison: Are the closing fees to refinance a house the same as the initial closing fees when I first bought the house?
We have been in our house for about a year now. We own about 250K on the mortgage. One year ago when we got in the house the closing fees were about $ 7,500. I am about to refinance now the closing fees will be about the same as when I bought the house. Is this normal? We have an FHA loan and are doing the governments FHA Streamline refinance. Thanks for the help.
Best answer:
Answer by Judy
Many of the fees will be the same – appraisal, for example. Points can be higher or lower. You wouldn’t need an inspection, and won’t have prepays on taxes.
Add your own answer in the comments!
2 Responses to Are the closing fees to refinance a house the same as the initial closing fees when I first bought the house?