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Hi, I have two homes I would like to refinance. One is an FHA loan and the other is a conventional loan. Will closing costs be about the same for both loans?
Thanks
Are you planning on refinancing the FHA into another FHA? And if so, why would you do that? FHA fees have increased since you last obtained an FHA loan, and you're probably better off making it a conventional loan.
As for your closing costs, they should be about the same, but the rates won't be the same as one would be your primary residence (I assume) and the other would be an investment property. Some fees are based on loan amount, and if they are completely different price points, those fees will vary.
Hi, I have two homes I would like to refinance. One is an FHA loan and the other is a conventional loan. Will closing costs be about the same for both loans?
Thanks
Too many variables and not enough information here........it depends on the loan amounts, are they in the same state? What state? Original loan amounts? Occupancy? Property type? And so on........
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