Remove Home Repair Remove Property Taxes Remove Repairs Remove Saving Money
article thumbnail

Mortgage Refinancing: What Is It And How Does It Work?

Savings Corner

To refinance a mortgage, you’ll pay between 2 and 5 percent of the loan amount in closing costs, so if you’re refinancing to save money, you’ll need to calculate your break-even point. A professional appraiser will assess your home based on criteria and comparisons to the value of similar homes recently sold in your neighborhood.