typical refi costs

Financing, Hard Money Lenders, Private Money
1

if you go through your orginal banker or lender ???

Thanks

2

Pretty much the same as when you purchased. You can get a discount on title if you have your inital policy. And if you use the same loan officer they might give you a break on origination. If you are not going for an LTV above 80% you may even be able to use your old appraisal.

3

thats what i figured I am looking around 1,200

4

seems to be on the low side of costs. You have to take into consideration processing, underwriting and administration fees which are applied by most lenders I deal with. Then you have title, appraisal, and discount/origination points.

I think 1,200 is a very low number considering all these factors.

5

Mortgage Mark is correct… I’d say internal closing costs is more or less around $2,500.IMHO

6

thanks guys alomst doenst make it worth it unless you plan on staying in your house for 4-5 more years

7
thanks guys alomst doenst make it worth it unless you plan on staying in your house for 4-5 more years

You are absolutely correct. it does not make much sense to refinance again unless there is a huge drop in rate giving you a considerable savings each month.