Question by Bayleigh789: What are the individual costs involved with refinancing?
I am confused because we are getting quotes from 2000 to 4500…
Can anyone give me a list of the individual items, as well as the individuals involved in refinancing? i.e. that the the bank, title company, mortgage broker, appraiser, etc…
Thanks soooo much for your help!
Answer by MVD34
Technically, they should be spelling it out for your Good Faith Estimate.
In general it usually works out to something between 2% and 5% of the amount financed. It ain’t cheap — which is one of the reasons why refinancing often is not in your long term financial interest.
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