In some cases, when there is sufficient equity in the property , said clsoing cost are added to the new loan amount and borrower pays only the new appraisal fee out of pocket.
Best of Luck,
Century 21 Tenace
Marc Jablon, The Jablon Team
RE/MAX Complete Solutions
UMMM... NO!! Come on, don't you think you're paying it somewhere?
That's the biggest bunch of what comes out of the south end of a north bound bull there ever was and all of us in the Mortagge Business, who know better, laugh when we hear that!
This is not rocket surgery, you're paying in in the rate! If you'll take a higher rate, then you'll get a Lender Credit which can pay the closing costs.
Are you paying over 3.125% with a Lender Credit under $5,000?
I do not think there are such loans (in the PURE meaning of NO closing costs) but maybe the pro lenders here should address the question.
I am a strong believer that there are no free meals out there: either the rate will be higher, more/different "Junk Fees", etc.
Meir Aloni & Team
CRS (Certified Residential Specialist)
CDPE (Certified Distressed Property Expert)
RECS (Real Estate Cyberspace Society)
Successfully selling Broward County since 1986!
Direct phone# 954-338-5220 http://www.WeSellBroward.com
All Star Realty Inc.