Business and Personal Finance Dictionary

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• COST TO REFINANCE A LOAN
  
  The fees and total cost associated with obtaining a new mortgage loan and refinancing an existing mortgage loan. Generally fees are assessed at closing and may include: insurance, title fees, transfer fees, taxes, settlement or closing fee, survey fee, title insurance, appraisal fees, etc. The total closing cost is typically 5% of the mortgage loan amount. Mortgage Refinance Calculator
  
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