Refinance Home Equity Loan Secrets Banks Won't Reveal

Costs Associated with Refinancing

While refinancing can offer numerous advantages, it's important to be aware of the associated costs. These can include application fees, appraisal fees, and closing costs, which may range from 2% to 5% of the loan amount¹. However, some lenders offer no-closing-cost refinancing, which can be an attractive option if you prefer to keep upfront expenses low. Always inquire about these fees and see these options to determine the most cost-effective solution.