No. of Recommendations: 1
However, this company was rolling them into the mortgage, which meant we were "financing" them for 30 years.

It seems to me that although the bank may have wanted to roll that into the mortgage, you are the one who gets to decide what the mortgage amount will be. The bank does not get to dictate that. Even at that, I would never consider things like taxes or insurance to be fees associated with the refi because they are not fees to the bank. They are costs associated with the property that are due regardless of whether you refi or pay the house off with cash. What they do represent, though, is cash flow, and so if you didn't have that additonal money available for the prepaid taxes and insurance, then I can see where you might consider rolling it into the mortgage, though that is something I personally would never do. Of course, I also won't take out a mortgage that requires escrow for taxes and insurance, but I do realize that some people prefer those types of programs.
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