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Mortgage Professor about refinance no closing costs: | |||||||||||||||||||||||
Another Look at No-Cost Mortgage Refinance
September 2002, Revised August 17, 2004 "Another expert recommends refinancing using a no-closing-cost option. His reasoning is that on a refinance, any points paid upfront must be taken as a tax deduction over the life of the loan. This is in contrast to a purchase ... more... Lies Mortgage Shoppers Hear December 2, 2002, Revised July 16, 2004 "I am about to shop the market for the mortgage I need to finance my home purchase. Is there a danger that people won?t tell me the truth? Any lies I should look out for in particular ... more... |
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refinance no closing costs related definitions |
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Refinance
Refinance Refinancing refers to applying for a mortgage loan intended to replace an existing loan secured by the property. Homeowners usually consider refinancing for the purpose of getting a better interest rate, loan term, or to draw cash from the equity. ... more... Settlement Costs, Closing Costs Settlement Costs, Closing Costs Expenses incurred by the buyer and seller in a real estate or mortgage transaction. There are two types of costs: recurring and non recurring. Non-recurring costs are one time ... more... |
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