The Best Mortgage Refinance No Closing Cost References. Mortgage refinancing isn’t that different from getting a mortgage in the first place. Web discover has a few faults, however, including long closing times (55 days on average) and a maximum refinance loan limit of $300,000.
The closing costs on a refinance typically run about $4,000 for costs like appraisal, underwriting and processing fees. You still pay them eventually by moving them into your principal. For instance, a refinance rate of 5% can save you $52.58 a.
