is there any no closing cost mortgage financing/refinancing available?

Question by laveen: is there any no closing cost mortgage financing/refinancing available?

Best answer:

Answer by realtor.sailor
You’ll have to shop around. Some lenders will allow you to roll the costs into the mortgage especially if you are refinancing.

realtor.sailor

Know better? Leave your own answer in the comments!

This entry was posted in Q&A and tagged , , , , , . Bookmark the permalink.

One Response to is there any no closing cost mortgage financing/refinancing available?

  1. Bob says:

    Yes, you can still get a no closing cost mortgage, although it really isn’t no cost since the appraisers, title companies and county recorders don’t work for free. Some or all of the costs can be paid by the seller who pays them by increasing the price of the home. They can also be paid by the lender who pays them in exchange for a slightly higher interest rate. As long as the house appraises high enough it can be done with conventional or government programs.

    It is much easier to do this with a refinance loan since borrowers may have some equity.

Leave a Reply to Bob Cancel reply

Your email address will not be published. Required fields are marked *