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  2. No-closing-cost refinance: What it is and how it works - AOL

    www.aol.com/finance/no-closing-cost-refinance...

    Instead, you’ll have a higher loan balance on a no-closing-cost refinance or a higher interest rate. Here’s how it works. Say you’re refinancing a $200,000 mortgage to a new, 15-year loan ...

  3. No-closing-cost mortgage: How it works and how to decide if ...

    www.aol.com/finance/no-closing-cost-mortgage...

    You’ll be paying for the higher cost of a zero-closing-cost mortgage for years to come — 15, 30 or whatever your mortgage term is. Imagine you plan to buy a $500,000 home with a 20 percent ...

  4. How to get a low-cost mortgage refinance - AOL

    www.aol.com/finance/low-cost-mortgage-refinance...

    If rates decline during the lock period, lenders might allow you to take the new, lower rate. 2. Consider a no-closing-cost refinance. One way to get a low-cost refinance is to avoid closing costs ...

  5. Mortgage refinance: What is it and how does it work? - AOL

    www.aol.com/finance/mortgage-refinance-does...

    Closing costs on a mortgage refinance can run between 2 and 5 percent of the amount you refinance. These line items include discount points, your loan’s origination fee and an appraisal fee to ...

  6. Refinancing - Wikipedia

    en.wikipedia.org/wiki/Refinancing

    If the payment for 4.5% with $2,500 in settlement charges is the same for 4.625% for free then you will pay the same amount of money over the length of the loan, however if you choose the loan with closing cost and you refinance before the end of your term you wasted money on the closing cost.

  7. How the No-Closing-Cost Refinance Works - AOL

    www.aol.com/finance/no-closing-cost-refinance...

    When you buy a home or refinance your mortgage, closing costs can run thousands of dollars. However, there is a way to eliminate the out-of-pocket cost when getting a new mortgage. With a no ...

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