Time to Refinance: Watch those Closing Costs
10 September 2008
Don’t let refinancing cost you more money than you save by refinancing. Keep an eye on the costs involved in refinancing such as:
Appraisals: $250+ Loan Applications: $75+ Land Surveys: $125+ Attorneys: $75+ Title Search and Insurance: $400+ Home Inspection: $175+
Believe you me, I know from experience those are not just automatically added into your payment plan! Those are added expenses to get the house refinanced.
When you get a quote, make sure if you are getting cash out, and that you can get a no closing cost refinance possibly by getting enough cash out to cover those additional expenses.
Don’t let refinancing cost you more money than you save by refinancing. Keep an eye on the costs involved in refinancing such as:
Appraisals: $250+ Loan Applications: $75+ Land Surveys: $125+ Attorneys: $75+ Title Search and Insurance: $400+ Home Inspection: $175+
Believe you me, I know from experience those are not just automatically added into your payment plan! Those are added expenses to get the house refinanced.
When you get a quote, make sure if you are getting cash out, and that you can get a no closing cost refinance possibly by getting enough cash out to cover those additional expenses.
