Real estate blog entries tagged with payments by Don Carter (All Star Mortgage, LLC)

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Home : Blogs : Don Carter : The Haverhill Mortgage Blog : Tag "payments"

payments: The Truth About "No Cost" Mortgage Loans - 06/05/07 10:55 AM

You've probably heard the pitch - "Refinance your existing mortgage with no points and no closing costs! It's the biggest no-brainer in the history of Earth!" But is it really? Why would some lenders choose to charge closing costs if there's an alternative with zero closing costs? The answer may surprise you.
Let's take a moment to discuss what closing costs actually are, and are not. Closing costs are those charges that are external of the loan itself, but are required in order to obtain the loan. In most cases, the fees are third party expenses, such as the appraisal, the legal … (20 comments)

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Don Carter

Haverhill, MA

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All Star Mortgage, LLC

Office Phone: (978) 853-7066

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My first effort at blogging is intended to provide readers with timely, relevant, and occasionally entertaining information about a variety of topics, including mortgages, real estate, and whatever else I happen to be interested in at the moment. I hope you enjoy it!

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