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No Cost Mortgage Loan
March 27, 2008
If you’re considering a “no cost” or “no fee” mortgage loan for your home loan there are several things you need to know about these loans to avoid paying too much. Whenever lenders talk about “no fee” mortgage loans they are always trading off a higher mortgage rate in exchange for lender fees paid at [...]
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February 1, 2008
Are you thinking about refinancing your home loan with a no fee or flat fee mortgage? You can’t turn on the television these days without seeing Ditech’s so-called “Flat Fee” mortgage or no fee home loans from Bank of America, but what’s the catch? If you think that these deals sound too good to be [...]
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October 23, 2007
You’ve probably seen the television ads claiming that no cost mortgage refinancing is “a no brainer.” Advertisers love to claim that they’ll pay your closing costs and offer zero cost refinancing. Most homeowners responding to these offers don’t realize how much of a lie no cost refinancing is. Here is the truth you need to [...]
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January 31, 2007
Everyone has seen the ads on television, or heard about some bank testing a “no closing cost” mortgage loan, but aren’t these loans just a gimmick to reel you in? Truth be told there is no such thing as a “no cost mortgage;” you always pay one way or another. One way mortgage companies and [...]
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My name is Robert Regehr and I’m a personal finance blogger with a chip on my shoulder for banks and mortgage brokers that take advantage of my friends and neighbors.
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