Escrow Refund on an Arizona Refinance

A key factor in determining whether or not it pays to refinance your Phoenix mortgage is to consider what the total costs associated with the refi are (closing costs). ¬†There are 3 main categories of closing costs or better yet settlement charges to consider when refinancing your AZ home loan (I'll explain why settlement charges is a more accurate term later). Cost Categories: 1. Lender Fees/Appraisal Fee 2. Title Fees 3. Pre-Paid Taxes and Insurance (aka - "escrows" or "impounds") I want … [Read more...]