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15 year refinance rate with 696 FICO

I have a 30 year FHA loan at 4.5% and want to refinance no closing costs by courtneylcruz08994 from Franktown, Colorado. Jun 24th 2015 Reply


Kay Cleland (kay@kcmortgagecolorado.com)
#32 ranked lender in Colorado - 215 contributions

My office is in Franktown and I am happy to assist you. We can discuss options.kay@kcmortgagecolorado.com 720-670-0124 Kay - KC Mortgage LLC

Jun 24th 2015
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,917 contributions

Not a problem, but understand that there is no such thing as a "No closing cost" loan, regardless of how it's pitched to you.. Appraisers, title companies, attorney's, and even your lender.. none of these folks work for free. It's always "YOU" that's paying.. either by financing the costs into your new loan, or by choosing a higher interest rate then the "Par" rate, which gives the lender additional monies to pay the costs for you, but in both scenarios, it's you paying.. Also, there are many options available to you.. FHA or conventional.. Streamline or full doc refinance, etc.. so the best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Jun 24th 2015
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You might be able to do an FHA streamline from a 30 year to a 15 year. Much easier process and much less expensive. Could be an option to consider

Jun 24th 2015
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