if you are paying PMI, you probably don;t have enough equity (if any) to refi at all - how long have you been paying on the mortgage - don;t forget, your houses value may have decreased 10-30% in the last 3 yrs - you might have negative equity, like a lot of people (including me) - which would totally prevent you from refinancing

You can’t.

This is how banks make money…they charge a fee for refinancing.

How do you think the loan officer gets paid a commission? They are not on salary. Same for underwriters, processors, they are all on salary plus bonus, along with sales managers, post closing auditors, receptionist, etc.

So you either have to pay for the closing costs out of your own pocket or you have to finance them back in with the loan.

No bank is going to do it for free. Why would they?

You will want to contact a mortgage banker/broker from your local telephone book or a referral from a friend or family member. Tell that person that you want a rate and term refinance with all cost rolled into the new mortgage loan.

With a mortgage loan such as this you will not get any cash in your hand and the minimum equity would be used for this transaction. You could also possibly lose the PMI requirement that is required by your current mortgage.

You might also check and see if your current mortgage company will do this rate and term refinance with you, only they will call it a stream line refinance. If your current mortgage company is able to do the stream line it will be a lot less paperwork because they have most of the information needed.

I hope this has been of some use to you, good luck.

“FIGHT ON”

you can do just that by coming to the table with the cost to do so. Not a problem just tell the loan officer what you want. Rates vary so get a professional to help you
I am a mortgage banker in TN & KY

Shop around. You will probably get the best deal from you existing lender, assuming you are a good customer.