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What is the most that I should be paying for closing costs to refinance my home?


The BIDaWIZ Team's Answer:

Closing costs are inevitable. So beware of advertisements that say there are no closing costs involved in the closing a home loan. However, when you refinance you can either elect to roll in the closing costs, pay for them out of pocket, or HomeStart can pay for the closing costs. Most chose to roll-in the closing costs of their home into the new note. Although this increases the size of the old note, the cost savings of the new note due a lower interest rate or the extension of the due date will outweigh the addition of the closing costs.

The BIDaWIZ Team



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