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2. No-closing-cost refinance: What it is and how it works - AOL

   www.aol.com/finance/no-closing-cost-refinance...

   Instead, you’ll have a higher loan balance on a no-closing-cost refinance or a higher interest rate. Here’s how it works. Say you’re refinancing a $200,000 mortgage to a new, 15-year loan ...

3. The truth about no-appraisal home equity loans: What ... - AOL

   www.aol.com/finance/what-is-a-no-appraisal-home...

   No-appraisal process ... stay in your home long enough to recoup the closing costs. Also, if you refinance to a longer term, you might end up paying more in total interest despite a lower rate ...

4. How to get a low-cost mortgage refinance - AOL

   www.aol.com/finance/low-cost-mortgage-refinance...

   Higher interest rate: The lender might charge you a higher interest rate to make up for the no-closing-cost refinance. The lender still gets what you would have paid in closing costs because you ...

5. Don’t Waste Money: Avoid These 10 Costly Mistakes When ...

   www.aol.com/finance/10-mistakes-avoid-refinance...

   If lender A quotes 3% with no closing costs and lender B quoted 2.875% with $6,000 in closing costs, you are paying a lot of money for a .125% difference in rate.

6. No-closing-cost mortgage: How it works and how to decide if ...

   www.aol.com/finance/no-closing-cost-mortgage...

   Case in point: Using the previous scenario, if you borrow $400,000 over 30 years at a 7 percent interest rate and pay your $12,000 closing costs out of pocket on closing day, the total cost of ...

7. Mortgage and refinance rates for Jan. 8, 2025: Rates for 30 ...

   www.aol.com/finance/mortgage-and-refinance-rates...

   The current average interest rate for a 30-year fixed mortgage is 7.02% for purchase and 7.05% for refinance — up 2 basis points from 7.00% for purchase and no change from 7.05% for refinance ...