If you’re refinancing a mortgage, you may have the option of a no-closing-cost loan. Here’s how that works and how to decide if it’s right for you.
A no-closing-cost refinance helps you avoid the up-front cost of refinancing your mortgage, but it isn’t entirely free. Learn how a no-closing-cost refi works.
Make sure a refinance will improve your financial situation ; By Michele Lerner Updated February 09, 2024 · Reviewed by Ebony Howard · Fact checked by Michael Logan
There are online marketplaces that list out potential mortgage lenders that can help. "A no-closing-cost refinance means you don't have to pay fees at closing," explains Matt Vernon, head...
It is done primarily to lower the interest rate charge on the loan and/or to change some of the terms of the mortgage. A no cash-out refinance is a type of rate and term refinance. Unlike a...
Wondering what a no-closing-cost refinance is? Learn more about how this type of refinancing works and if it's the right choice for you.
A no-closing-cost refinance lets you refinance without paying closing costs upfront. Learn how to refinance without closing costs and when it makes sense to do so.
Mortgage refinance closing costs can amount to 2%-6% of your principal balance. Here are the small costs that can quickly add up.
With a no-closing-cost refinance, you don’t have to pay closing costs upfront. But it could be more expensive long term.
You'll pay nothing up front, but you'll probably pay more over the life of the loan with a no-closing-cost refinance. Here's when that might be right for you.