What closing costs can I expect when I refinance?
When you refinance your mortgage, you’ll encounter many of the same closing costs that you had to pay when you finalized your original loan. These costs can include third-party fees, insurance, escrow and taxes. You should review your Loan Estimate and your Closing Disclosure for a complete list. Usually, these costs add up to about 2-5% of the loan amount. Ready to refinance? Check out rates and see which terms you qualify for today.
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