Posted on

Get a no-closing-cost mortgage and a low rate, too

Why a no closing cost mortgage?* Purchasing a home or refinancing your existing one is easy with no closing cost options. At Lenox/WesLend Financial, we offer no closing cost mortgage options because we know the last thing you want to do after a home purchase or refinance process is spend more money.

Rates and APRs are valid as of 6/3/2019 and are subject to change without notice. As of 6/3/2019, a sample $100,000, 15 year fixed-rate conforming mortgage APR is 3.573% with a monthly payment of $7.15 per thousand. APRs are subject to change.

Extra Costs of a No-Closing Cost Refinance Sometimes, the mortgage company will charge you a higher interest rate if you waive the closing costs. So, you might get a 3.5 percent interest rate if you pay closing costs, but a 3.9 percent rate if you don’t.

Lender-Paid Closing Costs And A Low Rate, Too. The 30-year mortgage rate averaged 4.17% in 2014 according to Freddie Mac. Rates are currently in the mid-3s. That means you can get most or all your closing costs paid for, and still have the full-closing-cost loan rate from just two years ago.

What do today’s homebuyers want in their real estate agents? Why recruiting agents from the Millennial generation is a good idea. There are many reasons to recruit Millennial real estate agents to your brokerage, but one of the best may be one of the simplest: Millennials are now the largest generation in the U.S. and make up the biggest percentage of first-time home buyers (42%).

Understanding the HELOC introductory rate. To get your HELOC business, lenders often include a low, low, seriously low introductory rate – oftentimes at or below prime. Not that there’s anything wrong with that. In fact, the introductory rates crush most credit card and personal loan rates.

When you use a no closing cost loan, you still pay the fees. No cost refinance options tend to have higher interest rates – a way for the lender to recoup some fees. So, instead of a borrower paying closing costs up front in a lump sum, you pay a little bit extra over time.

Mortgage rates today, March 13, 2018, plus lock recommendations Innovative Industrial Properties (NYSE: IIPR), a cannabis industry-focused real estate investment trust (REIT), is slated to report its fourth-quarter and full-year 2018 results after the market.Mortgage rates today, November 23, plus lock recommendations Selling a home: When should you reduce the asking price? Mortgage rates today, January 9, plus lock recommendations U.S. mortgage rates extend decline; homebuilders rise  · -March 29, 2019 weekly capital market update. For the week, all U.S. equity markets gained ground on resumed trade talks with China and ECB’s Draghi’s easy credit schemes for the EU: S&P 500 +1.20%, Dow Jones Industrial +1.67% and Nasdaq +1.13%.Current Mortgage Rates for Monday, January 15, 2018. january 15, 2018. Click here to get today’s latest mortgage rates (May. 25, 2019).. Lock now while rates are low. Mortgage rates are flat right now but expected to rise in the coming weeks and month. For this reason, we’re.If you really like the property, you should have your agent check all the active and recently sold comparable properties to make sure the price you offer is reasonable, and err on the side of offering closer to the list price. Bidding usually favors the bold, so if you can’t afford to lose, you should probably start bidding at asking price.Both were mostly ignored by Congress at the time, though some of the recommendations-such as shrinking the tax deductions for mortgage interest. as its 17 percent rate; the fair tax aimed to.

Closing Costs On Buying A House (Explained Simply) Borrowers who are not as worried about accruing interest, or need every possible dollar at closing can choose to take the higher interest rate and receive closing cost credits that can cover all their financed costs in some instances leaving them with a No Closing Cost Reverse Mortgage option.

The low interest rates are just catching folks’ attention. rate search: shop for the best mortgage rates. There is a problem with a no-closing-cost refinance: Your monthly savings are greater if.