What is a no closing cost loan?

By
Mortgage and Lending with C2 Financial Corporation

A great option for those that have refinanced within the past year or two or have purchased a home within the past twelve months. By choosing a slightly higher interest rate the lender would issue out a rebate that covers all of the non recurring closing costs which consists of the lender fee along with title and escrow charges. As a result, its not being added onto the principal balance of the mortgage. By utilizing this strategy you can take advantage of a record low interest rate from a historical perspective and be able to save thousands of dollars over the life of a loan. 

Best,
Shawn Sidhu
C2 Financial Corporation

Feel free to contact me at 800-984-0886 or shawn@bma-loans.com

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