What exactly does it mean to waive fees in a mortgage refinancing?

Question by patrina embree: What exactly does it mean to waive fees in a mortgage refinancing?

Best answer:

Answer by $ andman
it means no charge for loan origination,but you still pay fees to file court docs

What do you think? Answer below!

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2 Responses to What exactly does it mean to waive fees in a mortgage refinancing?

  1. Ginger says:

    It means that you don’t require the borrower to pay any fees to refinance. They just automatically get new terms on the loan.

    It is useful for a bank to do this by offering a slightly higher than market interest rate. It is good for the bank because they keep your business and it is good for the borrower because they get better terms without any hassle.

  2. dann says:

    If you are looking for the best mortgage refinancing site, try this site

    http://best-mortgage-refinancing.com/

    Here you can find the lowest interest rate in your area

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