Question by Andy J: What exactly does it mean to waive fees in a mortgage refinancing?
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Know better? Leave your own answer in the comments!
Question by Andy J: What exactly does it mean to waive fees in a mortgage refinancing?
Best answer:
Know better? Leave your own answer in the comments!
if they waive fees – you dont have to pay anything. For example, usually there is an appraisal fee ($ 300). If that is waived, either you don’t need one or they pay. Watch for fine print. If you refinance with another lender (usuallly within a year) – you may have to repay some of the fees. And make sure the fees are buried into your mortgage (that’s whne they say “no upfront fees”