Like any other applications, Refinancing a Second mortgage is not free, it has different fees attached to it. These are usually the fees attached to application to refinancing, and is normally in the range of 2 – 5% of your loan amount. There are times that you could negotiate a mortgage lender to waive certain fees for you but it all comes down to your negotiations with them. Here’s the breakdown of the Refinancing Second Mortgage fees.

Costs of Refinancing a Second Mortgage:

> The reflected costs are estimates only, you could be charged more or less.

**Application Fee –> $250 – $500

**Lender’s Fee –> $750

**Document Preparation Fees –> $200 – 400

**Appraisal Fee –> $150 – $450

**Title Insurance Fee –> $225 – $400

**Prepayment penalty on First Mortgage / Settlement Fees –> $350

Other Related Articles:

1. How to Refinance a Second Mortgage
2. Where can you use the Cash our refinancing money from the 2nd Mortgage Refinancing
3. Making Home Affordable Program Part I The Refinance Initiative
4. When NOT to get a Second Mortgage Refinancing
5. Risks of Refinancing a Second Mortgage