A no-closing-cost refinance delivers short-term savings, but is it the right option for you? Learn about the pros and cons of refinancing without closing costs.
A no-closing-cost refinance is a type of mortgage refinancing that allows you to avoid paying the upfront closing costs that usually come with refinancing. These costs include fees for appraisal, t...
It may take longer to reach the breakeven point with a no-closing-cost refinance. Pros Explained Refinance without paying closing costs out of pocket: A no-closing-cost refinance allows you...
Key takeaways ; Many lenders offer no-closing-cost mortgages, meaning you don't need to pay the closing costs upfront when you buy a new home. ; Instead, closing costs are rolled into the loan balance or compensated for in the form of a higher interest rate. ; On the plus side, no-closing cost mortgages mean less immediate outlay. On the downside, these loans tend to cost more over their lifetimes.
Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate mortgages to write unbiased product reviews. If mortgage rates have gone down since you first got your loan, refinancing your home can help save money on your monthly mortgage payment. It can lower your interest rate, or stretch your mortgage over several more years. But the refinancing pr...
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.
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.
A no closing-cost refinance can help you reduce upfront costs. Learn how it differs from a typical refinance and if a no closing-cost refinance works for you.
Learn about the typical mortgage closing costs for buyers, sellers, and refinancers, including fees for appraisals, title insurance, taxes, and more.
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.