How do I qualify for a no-cost refinance?
I know that there can be hidden fees, back-end cost and more associated with refinancing. How does one qualify for a refinance that is truly no-cost. I have been in my house for almost 5 years. My interest rate is at 5.3%. I haven't refinance, because I can manage my payments. I am all for saving a little cash. Help me out. by huntvi_926_409 from Huntsville, Alabama. Aug 25th 2011
Richard Shapiro (RShapiro)
#12 ranked lender in Massachusetts - 71 contributions
Two ways to do no costs loans:-there are closing costs but they are rolled into the loan-there are closing costs but you recieve a lender credit to cover all or part of them. You will trade a slightly higer rate for this option.Which works better depends on loan size, equity, and what you are looking for from the loan.
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