No Closing Cost Mortgage Refinancing
No-closing-cost mortgage refinancing is an option that allows you to borrow money without paying upfront closing costs. This allows you to save some money over the course of the loan, as you can roll your closing costs into the principal amount of your new loan. However, this option can also come with some disadvantages. One of the more significant advantages of no-closing-cost refinancing is that it can lower your monthly payments. Refinancing your mortgage to