Closing costs for borrowers (refinances)
Unlike an owner's title insurance policy, a lender's title insurance policy expires once your loan is paid off. When you refinance your house, you pay off the original loan and a new loan is issued, therefore you will need a new lender's policy.
Many times the benefits of a refinance far outweigh the costs associated with closing the deal. In this section, you will find information helpful for calculating your closing costs in a refinance real estate transaction.