In an interview David Bach did with Bankrate.com, he discusses the cost of mortgage refinances. (David Bach is the author of the Automatic Millionaire series of books, and is, not incidentally, a former senior vice president at the Wall Street investment firm Morgan Stanley.) “You have to factor in all the closing costs for a refinance. There is no such thing as a no-cost loan. The loan documents, the HUD-1 settlement statement details it all.” And my favorite: “…There are more good mortgage loan people out there than bad. It’s a very regulated industry.” You can read the full article at http://www.bankrate.com/