low closing cost loans: What is a no cost loan - 09/13/09 12:45 PM
Is a no cost loan truly a no cost loan? And what is a no cost loan? Every loan has closing costs.  Usually every loan has
appraisal costs bank processing or underwriting fees title insurance tile closing costs county recording fees These fees usually range from $1500 to $2200 on a Michigan mortgage.  But on a no cost loan what happens is the mortgage company or the loan officer pays those costs.  The mortgage company or loan officer pays for the appraisal cost, underwriting fees, title insurances costs, and recording fees.
How do they do that do you ask?  It's easy because the … (3 comments)

 
Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com (Real Estate One)

Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239

Michigan homes for sale ~ yesmyrealtor@gmail.com

Commerce, MI

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