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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...

   Loan origination fee: Lenders typically charge an upfront fee to cover the costs they incur processing a new loan. Credit check fee: Your credit score and profile are a key part of the lender’s ...

3. Discount points - Wikipedia

   en.wikipedia.org/wiki/Discount_Points

   For each point purchased, the loan rate is typically reduced by anywhere from 1/8% (0.125%) to 1/4% (0.25%). [ 1 ] [ 2 ] Selling the property or refinancing prior to this break-even point will result in a net financial loss for the buyer while keeping the loan for longer than this break-even point will result in a net financial savings for the ...

4. When should you refinance your mortgage? - AOL

   www.aol.com/finance/when-to-refinance-mortgage...

   By refinancing, you’d save about $220 on your monthly payments and nearly $30,000 in interest payments over the life of the loan, and it would take you about three years to recoup the closing ...

5. What is a reverse mortgage? How it works, who it’s best for ...

   www.aol.com/finance/what-is-a-reverse-mortgage...

   Lenders can't charge more than $2,500 or 2% of the $200,000 of your home's value plus 1% of the value beyond it, with total origination fees capped at $6,000. Servicing fees.

6. Good faith estimate - Wikipedia

   en.wikipedia.org/wiki/Good_faith_estimate

   This is the cost of the credit report. The lender does not have to pass this cost along to the buyer. 805 - Lender's Inspection Fee; This is the lender's cost of inspecting a property – some may double check the appraisal provided by an independent appraiser 808 - Mortgage Broker Fee; This is the upfront charge that a mortgage broker charges.

7. Second mortgage - Wikipedia

   en.wikipedia.org/wiki/Second_mortgage

   This fee varies between lenders and is typically non-refundable. The origination fee is charged at the lender's discretion and is associated with the costs of processing, underwriting and funding the second mortgage. [37] Also referred to as the lender's fee, points are a percentage of the loan that is charged by the lender. [38]