1209 - No Closing Cost Refinance: Is This a Good Option For You? By Chris Bibey

A traditional home refinance involves replacing an existing mortgage with a new loan to secure better terms or a lower interest rate. This process can reduce monthly payments, change the loan duration, and/or provide access to home equity for other expenses or investments. What Is a No Closing Cost Refinance? A no closing cost refinance is a type of mortgage refinancing where the lender covers upfront closing costs in exchange for a slightly higher interest rate on the new loan.  Learn more about your ad choices. Visit megaphone.fm/adchoices