No-closing-cost refinancing is a term some lenders use to describe a refinance with fewer upfront fees, often by rolling certain closing costs into the loan balance or through lender credits that may be reflected in the interest rate. While it can preserve cash flow and reduce out-of-pocket costs at closing, it may increase the total loan amount and overall borrowing costs over time. Common refinance types include rate-and-term, cash-out, and streamline refinancing (when available). It can help to review your goals, the loan estimate details, and your credit profile before moving forward.