No closing costs refinance
No closing cost refinance
With fixed rates so low right now, many homeowners are doing a refinance where the Lender pays all the closing costs. If you are currently at 6.250% on your mortgage, and you can get .250% or more lower, for free… why not?
Some quick rough math; if I owe $300,000 and I save .250%
.250% x $300,000= $750 interest
$750 / 12 months= $62.50/month interest
Actual payment will go down $48.50/month
Payment at 6.250%= $1,847.15 principal and interest
Payment at 6.000%= $1,798.65 principal and interest
Yes you will re-amortize your loan for 30 years. However, you are still paying a lower rate. Have your loan officer print an Amortization Schedule so you can see how much to pay every month and stay on track with your previous loan.
You were 4 years into your previous loan? Your Loan Officer will show you what to pay each month so you will still pay it off in 26 years. Even better, keep paying what you were already paying, and have your LO show you how fast this will pay your mortgage off.
Contact me to see if you can lower your rate for free |
Mark Zaidan, Choice Finance®
Tags: MD no closing costs mortgage refinance, VA zero fees refinance
February 26th, 2009 at 10:59 pm
Dee,
Please give me a call to discuss options for you and see what can be done. The office number is 301-881-8900×123. Looking forward to it.
Thanks,
Brent
February 25th, 2009 at 3:01 pm
looking to refi our exisiting and a 2nd…become debt free with the equity in the home…
have looked in to deals that cc are 12,000-14,000 dollars….not very attractive! Would like a 30 year fixed rate at 5-51/2% …
February 11th, 2009 at 10:40 pm
Opesh and F. Grieme.
Please contact me at 888-475-0700×123 to discuss your mortgage goals if you like.
Thanks,
Brent
February 3rd, 2009 at 3:54 pm
I am looking to refinance at 0 point, no closing costs for the amount of 183,000 for 30 year fixed. My current rate is 6%, so I am interested in rates not higher than 5% in order for me to want to refinance.
January 27th, 2009 at 11:18 pm
I am looking to refinance at 0 points 0 closing, the amount is 255000 for 30 fixed @ less than 5%
January 17th, 2009 at 11:03 pm
Gail has anyone contacted you? If not please call me at 888-475-0700×123 to discuss.
Thanks,
Brent
January 14th, 2009 at 9:55 am
Would like a 15-yr fixed rate on a no closing cost refinance.
January 14th, 2009 at 9:55 am
Would like 15-yr fixed rate for a no closing cost mortgage refinance.
December 17th, 2008 at 4:14 pm
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