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No cost refinance for a LTV of 85%

Home is valued at 267k, my mortgage is currently 225k. Credit is great (820 middle score) and I've been making 65k a year for the past five years. I refinanced a couple years back, but the $6,000 closing costs killed me. I plan on living in this home for a little more than 4 years, so I read that a no cost would be good for me. I don't need cash out on top of the no cost, so what are my options rate wise (currently at a 6.5% rate) by trent._363_985 from Huntsville, Alabama. Dec 6th 2011 Reply


Tommy Peoples (TommyPeoples)
#8 ranked lender in Alabama - 19 contributions

I would be glad to take a look at this for you and work up some options for you. Rates are in the middle 3s to low 4s so you should be able to save some money. And our closing costs are among the lowest in the industry. Give me a call to discuss. Tommy Peoples, Branch Manager, Southwest Funding, Daphne, AL 877-634-2390

Dec 6th 2011
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Jeff Cost (midwestlender)
#39 ranked lender in Ohio - 164 contributions

You can certainely request a no cost refinance. You simply accept a higher mortgage rate and the lender pays all costs except the money neede to set up the new escrow account. You get the remaining ballance from current escrow account back from current mortgage holder usually with in 30 days. I can help you. I lend nationwide. ENG Lending, A Division of Bank of England, always puts your best interest first. We would appreciate the opportunity to serve you. Please visit us at www.cincinnatimortgagerate.net. You will soon find that we are so much more than a Mortgage Banker; we are a company that is dedicated to empowering our clients and referral partners. Don't forget to visit our Facebook Fanpage at http://www.facebook.com/pages/ENG-Lending-Cincinnati/171183536269710#!/pages/ENG-Lending-Cincinnati/171183536269710?sk=wall Or Call Anytime 513-403-6260

Dec 6th 2011
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Dustin McAlister (dmcali_109_270)
#32 ranked lender in Kansas - 40 contributions

We can help you out. Call me at 913-647-7008 and we can discuss. Thanks!

Dec 7th 2011
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