APPLY ONLINE HERE !

Should you consider financing closing costs, escrow reserves, or other cash needed at closing?If you've built up some equity in your home, when you refinance, you may be able to "cash out" some of that equity to pay off credit cards or other revolving debt, improve your home, help pay for college, or anything else you can think of. The same is true of refinancing costs: If you have enough equity in your home, you may be able to roll some or all of the cash due at closing into your loan.

Some of the "cash needed to close" as it's sometimes called includes closing  costs and fees, prepaid interest and  escrow reserves.  Some or all of these costs can often  be financed as part of your new mortgage loan, and with interest rates still at historic lows, it usually makes sense to finance closing cost if possible. If you've had your current mortgage for a few years, chances are you've built up enough equity to finance cash needed to close and still have a smaller loan balance than your original !

The bottom line is that in many cases you can reduce or eliminate your up-front costs for refinancing your mortgage in exchange for slightly higher monthly payments for the life of the loan. But whether, and to what extent, you can do this depends on the value of your home and the amount of your new mortgage, and what options you decide are best for you. 

Let me use my expertise to help decide what is best for you  !