FOX8 On Your Side explains the no-cost mortgage refinance

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

Closing a mortgage loan can end up costing you thousands of dollars. That's why a lot of people don't even think about refinancing for a lower interest rate.

But think again! FOX8 On Your Side Consumer Reporter Melissa Painter explains the no-cost re-fi.