Summary
The subject of refinancing is everywhere these days. My assistant and I were having lunch at a local restaurant and overheard the folks at the next table discussing the subject. Specifically, we heard one gentleman proclaim that a "zero-cost" refinance is "bunk" because closing costs always exist.
Later that night, I was surfing business sites on the Internet, and I came across an article about refinancing. One fellow was quoted as saying a zero-cost refinance wraps the costs in either the "loan amount or the interest rate."See the full content of this document
Extract
Refinance Math: Best Deal On Fees
That was when I decided to write this column. Rates are low, and qualified homeowners are refinancing in droves. The concept of the zero-cost ref...
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