miércoles, 12 de junio de 2019

How much does it cost to refinance a house?





How much does it cost to refinance a house?

Refinansear a house is not cheap:

In general, in the United States, the costs of closing the mortgage fluctuate between 3% and 6% of the value of the new loan, that is, if you are going to refinance 150000, it will cost between 4500 and 9000, of course. Everything depends on the bank.

Some financial companies offer you the great opportunity to refinance without cost (be very careful if this is the case). In general, they charge a higher interest rate on the loan to compensate for not charging closing costs.

That is, in the long term you are losing, because you pay more money in interest.


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