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Refi with no closing costs

Are there any refinance programs that allow refi closing costs to be rolled into the loan? No cashout necessary and i have a 703 fico by kcarissa87643813 from Everett, Washington. Dec 30th 2014 Reply


Jordan Swerland (jordan.swerland@apmortgage.com)
#102 ranked lender in Washington - 10 contributions

Hi,The answer is YES! There are a couple options actually. You could roll the costs into the loan amount like you mentioned. But you also have the option of doing a no cost loan in exchange for a slightly higher rate! I would be happy to help answer any other questions. Jordan Swerlandjordan.swerland@apmortgage.com

Dec 30th 2014
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Paul Johnson (PaulJohnsonGuildMortgageSeattle)
#103 ranked lender in Washington - 3 contributions

Hi,Yes, this is common and I can do that for you if you need help. ThanksPaul JohnsonGuild Mortgage Company Seattlepjohnson@guildmortgage.net

Dec 30th 2014
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Lorne Harvey (lorneharvey)
#1 ranked lender in Washington - 418 contributions

Hello, I am happy to help as well. Closing costs can be rolled into the refinance.There can be a few choices on how the loan is designed, so please do your research on which loan officer you choose to work with. Find someone who will not only educate you along the way, but also point out various options that will meet your goals for the refinance.

Dec 30th 2014
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,797 contributions

Yes.. just about every type of refinance program will allow you to add the costs to the loan or you can select a slightly higher rate and have the lender actually pay the costs for you via a "Lender Credit".. the rules are slightly different if your property is an investment home, but for owner occupied properties, this is not a problem at all.. 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

Dec 30th 2014
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Dave Metsker (DaveMetsker)
#38 ranked lender in Oregon - 2,317 contributions

Yes, you just pay a little higher interest rate.

Dec 30th 2014
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Rich Rano (Richardr)
#91 ranked lender in Washington - 4 contributions

Yes there are programs like. that and we do it all the time here at Leader One Financial in Everett.Please call me at 425=-773-3100 to discuss or visit my website at mortgagesnw.Rich

Dec 30th 2014
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,446 contributions

ALL loans have closing costs. How you pay them can vary. In most refinance transaction, the closing costs are paid by adding them to your loan amount. You can also leave your loan balance the same, and pay closing costs by taking a slightly higher interest rate, or by paying cash out of pocket. Talke to a local mortgage broker in your area, and let them review the different options, and how it effects you. For no closing costs refinances in MN, WI, or SD, visit www.Mortgage-Duluth.com

Dec 30th 2014
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Pete Bass (PeteBass)
#31 ranked lender in Connecticut - 476 contributions

Yes- I would be glad to assist you- email me at pete.bass@everbank.com to get started-

Dec 30th 2014
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Bert Carpenter (BertCarpenter)
#39 ranked lender in Arizona - 1,815 contributions

Absolutely. If you have sufficient equity, the closing costs are paid for with the cash out. IF you do not have enough equity to pull out the cash you want and pay the costs, then using the rate to pay for the closing cost is another way to do it. I'd be happy to help you with your refinance, just reach out to me. . ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in Arizona (AZLO0911876 / AZBK0902429), Washington (WALO40586 / WACL3087) and California (CADOC40586 / CAFLL6036566). We are licensed by the CA-DBO under the CFLL and CRMLA. Loans made or arranged pursuant to CFLL or CRMLA license. ~ www.LoansA2z.com ~ 888-889-9950

Dec 30th 2014
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