How much does it cost to refinance a mortgage? What fees should you expect to pay when doing a refi in today’s housing market? In this video, we discuss the mortgage fees that lenders charge when refinancing a mortgage and we take a look at my personal closing statement from my most recent refinance to help you understand what fees you may be charged and help you understand what each of them means.
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What is refinancing? Refinancing is the replacement of an existing debt obligation with another debt obligation under different terms.
Other videos you may find helpful on refinancing:
➜➜NEW Update – This lender just launched a 1.99% 30 year mortgage – Housing Market 2020 – https://youtu.be/Y082WBNIdcg
➜➜5 Mistakes to AVOID when refinancing – NEW Mortgage Refinance Update – https://youtu.be/en2vD13t37A
➜➜Why I decided to refinance RIGHT NOW- New Mortgage Update – https://youtu.be/rbS2we4AO08
I hope that video helped you understand the mortgage closing statement as well as how your mortgage interest works. Is there anything you didn’t understand? Have you refinanced your mortgage? Were there any hidden fees that you didn’t know you would be paying when doing a refi?
Also, what are your thoughts on a house market crash 2020 or real estate bubble? What are your thoughts on the Orange County real estate market and the potential real estate crash for orange county real estate?
Connect with me 👇
Jeb Smith (Huntington Beach Realtor/orange county real estate)
Coldwell Banker Realty
➡I N S T A G R A M ➳ https://www.instagram.com/jebsmith
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