https://c2financialhomeloans.com/wp-content/uploads/2020/11/logo-color-1.png 0 0 [email protected] https://c2financialhomeloans.com/wp-content/uploads/2020/11/logo-color-1.png [email protected]2015-04-01 06:46:542015-04-01 06:46:54What is a no closing cost loan?
What is a no closing cost loan?
A no closing cost loan is a great option for those that have refinanced within the past year or two or have purchased a home within the past twelve months. By choosing a slightly higher interest rate the lender would issue out a rebate that covers all of the non recurring closing costs which consists of the lender fee along with title and escrow charges. As a result, its not being added onto the principal balance of the mortgage. By utilizing this strategy you can take advantage of a record low interest rate from a historical perspective and be able to save thousands of dollars over the life of the loan.