I bought a house 6 months ago how much does it cost to refinance?

Louise
I work for a title company (the company that goes over the paperwork with you) and work with several good, fair mortgage brokers. If you would like me to give you their contact information, just shoot me an email.

Brook
If it is a fixed rate and the interest rate does not go down at least 1-1/2 percent it is not worth it. If you financed 100% you will not be able to do that again since there is no 100% financing at a reasonable rate, and most likely your home is not worth what it was 6 months ago.

Audrea
Some companies offer "no cost" refinance, but I'm not sure what that means b/c we had "no closing costs" and paid almost $3, 500 at signing on top of our down payment. But, I hear that a 30 year fixed rate is almost 1 full percent lower than when we bought 6 months ago also!!

Cora
Different lenders differ. You have to shop around.

Leeanna
It depends on who you go through and how you want to pay. The "no cost" refis usually charge you a higher rate and you end up paying it over the life of your loan. Generally if you do a refi you won't have to pay any out of pocket fees and your costs will be rolled into your new loan. Get a couple of quotes to see what works best for you.

Carie
there are lot of banks refinance -get the assistance of a broker

Debroah
Costs can be any amount you want. You get your pick of interest rate or points plus fees. Choose one or the other, but not both.Example 1:I will offer you a loan and PAY YOU interest instead of you paying the bank. You simply need to pay 102 points for the loan.Example 2:You pay zero points and zero fees and get a loan a bit over 6%. Bank of America has a zero-cost refi program, as well as many brokers and other lenders.