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Costs of Refinancing |
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Is there anyway that I can refinance my existing mortgage without going through a realtor or agent? If not, then am I correct in assuming that I would not have to pay the normal %6 in commission that a buyer and seller's realtors would get on the sale of the house because there is no seller involved? Will I only have to pay %3 to my realtor? |
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Real estate agents, real estate salespersons, real estate brokers or Realtors -- none of those would be involved in the refinancing of your mortgage. Borrowing that money is simply a matter between you and the lending institution, though sometimes people do consult a mortgage broker. Start by talking with your present lender to see what they have to offer. You will have expenses but they will all be concerned with the mortgage itself. |
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Edith
Originally published on August 26, 2007 |
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