You found yourself running virtually your lender when you heard that you could get a refinance loan without closing costs.
Your payment will be higher, but the interest you pay much less over the life of the loan, thus saving your hard earned money.
Generally, when you apply for a mortgage work, you will get the best possible leisure rates further.

The important thing is that you do the math and make sure you do not pay more than you absolutely need for the refinancing process.

They go into your working files to see if you're a good credit risk or bad.

Depending on the type of refinance loan you want and how you plan to use, you can save a lot of money.