While the program offers reduced documentation and no appraisal in most cases, closing costs still apply—and it’s important to know what you're paying for.
Instead of monthly mortgage insurance, this upfront fee helps offset the program’s cost to taxpayers, making it possible for the VA to continue offering no-down-payment loans to future generations of service members.
Understanding how refinance closing costs work can help you budget wisely, compare offers, and make sure your refinance truly pays off in the long run.
There are several smart strategies to help you pay off your home loan faster—saving you thousands of dollars in interest and building equity at a much quicker pace.
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