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Loan With Low Closing Costs

We are building our new home and we are set to close this November. This is my first time to look for mortgages and I want to make sure I pick the best one. I need a loan with the lowest payment possible and low closing costs, what type of mortgage can you recommend? by josephw830 from Avery, Idaho. Oct 8th 2021 Reply


Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 4,476 contributions

I recommend you contact a LOCAL mortgage broker in your area. Give them a full application, and they can then zero in on what works best for you. ALL LENDERS can give you a loan with low closing costs. We all just simply RAISE THE INTEREST RATE so you pay over time what you didn't pay up-front. Same with "the best rate" - No problem, we can all give you a low rate. We simply do it by addition discount points to your closing costs which dramatically increase costs. Neither of these are automatically good or bad. You just have to investigate for your situation. But understand, you can't have both the "lowest rate" and the lowest costs" - Contact a LOCAL mortgage broker. I lend in MN WI IA SD ND. Find me at FirstTimeHomeBuyer-MN.com - Cambria Mortgage, NMLS 274132

Oct 13th 2021
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