Q&A: What is considered a closing cost in a mortgage refinance?

Question by Jennifer M: What is considered a closing cost in a mortgage refinance?

Best answer:

Answer by heywood
2% to 4 % of loan…the only out of pocket might be the appraisal fee and an assignment cost, if you’re using a broker. Could be higher if you are buying points. get a “good faith estimate” before doing anything.

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One Response to Q&A: What is considered a closing cost in a mortgage refinance?

  1. evensonhimself says:

    closing costs are going to be fee’s built into the loan …. for example

    origination fee
    title insurance fee
    underwriters fee
    processing fee
    fee from your closing company

    also you have to remember they will more than likely be setting up a new escrow account for you, so that will show up on your fee’s as well (years worth of taxes and half a years worth of insurance usually)

    if you need any more help let me know.

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