What are some deal breakers when refinancing and closing costs?

When refinancing, some common deal breakers include high closing costs that exceed potential savings, unfavorable interest rates, and prepayment penalties on the existing loan. Additionally, excessive fees for services like appraisal, title search, or origination can deter borrowers. It's crucial to evaluate the overall financial impact, ensuring that the new loan terms align with long-term goals. Transparency in the lender's fees and processes is also vital to avoid unpleasant surprises.