Should I get a refinance mortgage with no closing costs?

What type of loan do you currently have VA, FHA or conventional?

I need more information. I am a license Loan Originator in Virginia. Please give me a call. 804-556-0685.

More info would be needed to properly advise you, but in general, if your loan amount is not going up, and you are lowering your interest rate, then it's probably a good idea..If your loan amount is going up, then it's possible it might or might not be a good idea.. it' depends on many factors.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Like everyone else, more information is needed. But, in general if your loan balance does not increase and you get enough lender credit to pay closing cost and you reduce your payment its a good idea. That being said there are times when paying the closing cost and therefore getting a lower rate can be beneficial. It's best you contact a local mortgage banker to be precise. Feel free to contact me . I am with Guaranteed Rate / indianapolismortgageguy.com 317-225-4868

FYI: There is NO SUCH THING as a mortgage loan with no closing costs!!!!! ALL LOANS have closing costs! Most refinances are really "no out of pocket" costs. The standard closing costs are either rolled on top of your existing balance to get the new loan, or are paid for with a slightly higher interest rate rate. Regardless, don't be fooled into thinking it is somehow free.