Refinance Mortgage Fees
I would like to refinance my home without fees or closing costs.?
Currently dissatisfied with my mortgage company and would like to refinance. I was wondering if there was a way for me to refinance and pay no closing costs or extra fees? I want to keep a fixed rate, I currently have a rate of 6.5%. I do not want a higher rate or have to roll closing costs into my payment. I just want to be able to refinance a place different and not have to pay anything extra. I was wondering if it was at all possible:)
Hey James – 6.5% is a bit high for the current market. Currently 30 years fixed rates just around 6.125% for 0 points. Since I do not know much about your particular situation, it's really hard for me to assess whether a refinancing would make sense for you. You really need to talk to a banker who will ask you questions about income, assets, credit and your current loan and property. There is never any obligation for a banker to go over the numbers for you and a good telling you when it makes sense and when not. Keep note that rates are changed daily, and you should never accept any prepayment penalties. I am also a link to today's interest rates. If you have more questions, I'm always available! Good luck!