Correctly, you are expected to spend the applying fees, processing fees, etc. For getting a loan that is refinanced. It may not be a good idea to go ahead with refinancing if you are unable to negotiate a waiver of these charges with the new lender or a reduction in the charges.
Shutting the loan that is existing additionally suggest re payment of foreclosure costs. Typically, the penalty ranges between 1 per cent to 3 per cent, according to the loan provider.