What Is a No-Cost Refinance?

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Buying a home can be expensive. In addition to the purchase price, home buyers have to prepare for a variety of other expenses – like closing costs – when they complete the underwriting process and finalize the loan.


While it’s common to pay a single lump sum at closing, you can also finance your closing costs to reduce how much you pay upfront. The same can be done for a mortgage refinance. Let’s take a look at how a no-closing-cost refinance works and whether it’s the best option for you when you’re looking to refinance your current mortgage loan. Learn more with Quicken Loans!