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Cut refinancing expenses
Cut Refinancing Expenses - 4/29/2013 
Every single day, homeowners who are excited about lowering their rate have a tendency to ignore the refinancing costs because they’re being rolled back into the new mortgage. If the payment is lower than what they’re currently paying and there’s no money out of pocket, it seems like a good deal.
Refinancing your home because a lower rate is available is one thing but the closing costs associated with that new loan could add several thousand dollars to your mortgage balance. By following some of the suggestions listed below, you may be able to reduce the expense to refinance.
Tell the lender up-front that you want to have the loan quoted with minimal closing costs.  Check with your existing lender to see if the rate and closing costs might be cheaper.  If you’re refinancing a FHA or VA loan, consider the streamline refinance.  Shop around with other lenders and compare rate and closing costs.  Credit unions may have lower closing costs because they are generally loaning deposits and their cost of funds is less.  Reducing the loan-to-value so that mortgage insurance is not required will reduce expenses.  Ask if the lender can use an AVM, automated valuation model, ... more

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