Cost of Refinancing

[Eugine]

The fees described below are the charges that you are most likely to encounter in a refinancing.

* Application Fee.
This charge imposed by your lender covers the initial costs of processing your loan request and checking your credit report.

* Title Search and Title Insurance.
This charge will cover the cost of examining the public record to confirm ownership of the real estate. It also covers the cost of a policy, usually issued by a title insurance company, that insures the policy holder in a specific amount for any loss caused by discrepancies in the title to the property.