Question by DLM: Home mortgage refinancing fees?
We bought our home less than a year ago and want to refinance. The bank that originally held our mortgage sold it to another bank. The bank that holds it now says they want us to pay for the title, lawyers and appraisal again. If all this was done less than a year ago why do we need to pay all these fees again?
Answer by bud68
Because you are applying for a new loan. That’s what a refi is – a new loan.
Give your answer to this question below!