There are numerous benefits to refinancing your mortgages, such as lower interest rates, shorter loan terms, and access to equity. Although refinancing costs money, it can be worth it depending on the circumstances. There are closing costs, including fees for home appraisals, recording, and origination. As a general rule, you should expect to pay 2% to 5% of the total loan amount. Real Estate Diary explains the cost of refinancing homes. Closing Disclosures tell you exactly what costs to expect at closing.

Real Estate Diary