My little passion for home loans
In spite of the new lending restrictions, there are many consumers who will still meet the criteria for mortgage refinancing. If you are one of them, you should examine your situation to determine if refinancing makes sense for you. First, add up all the fees and costs of refinancing. For example, sum up your estimates for costs of attorney hours, appraisers and document filing. Determine if you will have to pay a fee if you pay your current mortgage early and add that in to the refinancing total.