lizzyann
Ideal_Rock
- Joined
- Dec 23, 2009
- Messages
- 2,435
After seeing minmin's thread on her closing costs when buying her home, I was curious on what I should be expecting to see when I do my refi. Today I am going to be reaching out to my current lender and a local bank to get quotes on rates for a 15 year refi and closing cost estimates. We have good credit and our mortgage is almost half way paid down so I don't know if that helps negotiate at all. Anyways, what would be appropriate to pay on closing costs? My current bank online talks about a 1% origination fee which seems ridiculous. Also, what is the difference between your mortgage rate and APR? Thanks in advance!!