No Cost Refinancing – Pros and Cons
SEPTEMBER 14, 2011
Are you thinking about taking out a no cost refinancing loan to help you secure a mortgage? Here’s what you need to know about this type of refinancing. What Is No Cost Refinancing? For refinancing a mortgage, the current loan is paid off through a new loan with lower interest rates. Some of the advantages of no cost refinancing are: No upfront costs. Some of the downsides of no cost refinancing are: Higher interest.