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No-Closing-Cost Refinancing Trap | Spokane News

No-Closing-Cost Refinancing Trap | Spokane News

Published 4 days, 17 hours ago
Description

Thinking about refinancing? “No-closing-cost” deals aren’t free—they just shift fees into higher interest or bigger loan balances, costing you more over time. Unless you’re planning to move soon, paying upfront usually saves money. But if you’re staying put, don’t let the catchy name fool you—those hidden costs add up. And make sure you’re getting a competitive rate first.

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