On most refinances you can choose to have your lender pay for all your NonRecurring Closing Costs. This is often referred to as a No Points No Fees (NPNF) Refinance . (Also commonly referred to as "No Fee Refinancing", "No Closing Costs Refinancing" or "Zero Closing Costs Mortgage".)
In order for the lender to do this you will need to accept a slightly higher rate than a normal No Points mortgage. Usually about .250% to .500% higher. Non-Recurring Closing Costs include the following:
Items that do not qualify as Non-Recurring Closing Costs are Property Taxes, Interest, and Insurance.
Please be aware that No Points & No Fees loans may not be available on smaller loan amounts. Your credit cannot exceed your total Non-Recurring Closing Costs.
