Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What costs can the Refinance Loan balance include?

April 26, 2017Balance costs loan Refinance

0

Posted

What costs can the Refinance Loan balance include?

1 Answer

0

Posted

The Refinance Loan balance can include the unpaid principal balance of the Original Loan plus reasonable and customary closing costs not to exceed 4% of the unpaid principal balance of the Original Loan amount or $5,000, whichever is lower. The modification premium is not subject to this limit.