A low cost refinance is essentially a loan transaction in which the lender or broker pays settlement costs, including typical lender fees such as processing, underwriting, appraisal, and loan origination points. Ask us if this applies to you and your situation.
There are also third party costs like title and escrow fees which are covered as well.
If you plan on moving or upgrading to a more expensive home in just a few years, or if you’re the type who refinances often, paying upfront costs for a lower interest rate will probably be a losing endeavor.
We feel here at Allied Pacific Financial that our clients should never pay for extra fees associated with a refinance.