Finance Has Become the Business of AmericaBarron's -Aug 1, 2008And while you're at it, why not make mortgage loans as well? Auto loans and leases as well as mortgages could be packaged into asset-backed securities that ... Having said that, the total expense of a refinance mortgage loan depends on all those factors - interest rate, number of points, and other costs. Lenders will charge several points in order to offer you the lowest rates. With these, the total cost can run between three and six percent of the total amount you borrow. So, for instance, you borrowed $100,000 on a refinance mortgage loan.
