What Is Streamline Refinancing?

Full Video Transcript

Can you avoid paying closing costs? According to the U.S. Housing and Urban Development Department, lenders may offer streamline refinances in several ways that avoid having to pay closing costs up front. Some lenders offer no closing cost refinances in exchange for a higher interest rate, or sometimes lenders may simply add the closing cost to be included in the new mortgage amount. For more information about home finance, contact an attorney in your area today.