Lender charges
Origination or underwriting fees and any discount points, shown in Section A of the Loan Estimate.
Third-party services
- Appraisal: often required, though some streamline programs and appraisal waivers skip it.
- Credit report and flood certification.
- Title services and lender’s title insurance: you can often shop these. Ask about a reissue rate if your current policy is recent.
- Settlement or closing fee.
Government fees and prepaids
Recording fees, any mortgage or transfer taxes your state charges, prepaid interest and possibly a new escrow deposit for taxes and insurance.
“No-closing-cost” refinances
There is no free refinance. Costs are either rolled into the loan balance or covered by lender credits in exchange for a higher interest rate. Either may be reasonable depending on how long you keep the loan.
Right of rescission
For most refinances of a primary residence with a new lender, federal law gives you three business days after closing to cancel. Funds are disbursed after that period.
Keep reading
This page is general education. Program rules change; confirm current requirements with the official sources linked here and with a licensed lender.