Posts tagged as:

No Fee Mortgage

No Fee Mortgage Loans Don’t Exist

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 [...]

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No Cost Mortgage Refinancing Is Just a Marketing Trick

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 [...]

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Deceptive Mortgage Advertising: It’s a No Brainer

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 [...]

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No Fee Mortgage Refinancing

August 21, 2007

No fee mortgage refinancing sounds like a great deal; however, as most homeowners quickly learn, there are no free lunches when it comes to your mortgage loans. Most of the so called “no fee” mortgages you see advertised simply trade off a higher mortgage rate for the lender’s share of closing costs. Every [...]

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No Fee Mortgage Loans Done Correctly

March 21, 2007

Several national banks have recently been bragging about their “no fee” mortgage loans. The problem with these “no fee” mortgage loans is simple: banks are exempt from the Real Estate Settlement Procedures Act. In 1999 the Banking Lobby had our nation’s disclosure laws changed to exclude themselves from legislation that requires mortgage lenders [...]

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