Stay on the Scene With AMC. Movie lovers, get first and behind-the-scene previews of upcoming films, exclusive interviews, and more on our blog. Be in the know before anyone else! Check out what's new this week on AMC Scene.
A true no-cost refinance means you pay no money upfront and neither your loan amount nor your interest rate is increased to build any costs into your new loan. To calculate a break-even point, divide the anticipated total cost of your refinance by the monthly savings on your loan payment.
The upfront cost of a HECM is the sum of the origination fee charged by the lender, third party fees including those for an appraisal and title insurance, and the upfront mortgage insurance premium charged by FHA.