No Cost Mortgage
Depending on your loan balance, we can offer you a no closing cost mortgage loan. The closing costs don't vanish from your loan, however, we can get your closing costs paid for you by the lender by choosing a slightly higher interest rate. As an example, if your loan is $200,000, it's possible to get a new 30 year fixed rate at 4.875% (as of 6/25/2010) and your principal balance will stay the same as it is currently or very close to it.
Keep in mind that interest rates fluctuate every day, and until your interest rate is locked in, your loan pricing is subject to variance.
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