When people talk about a mortgage refinance no cost, they refer to the closing costs.

Payments on a mortgage of 30 years with an interest rate of 7 percent is about 25 percent less than a 15 year mortgage.

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If you are considering refinancing your home loan, you need to talk to your mortgage lender has first.

As refinancing fixed-rate mortgages with variable rates are also very popular.

You must remember that if you do not pay closing costs upfront you will have to pay interest on the value of the closing costs over time.

Do not wait until you explode and ruin everything, including your application for a mortgage refinance loan.