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Looking for refiancing home in Tn with no closing or fees?

by lionel.burrows458 from Birchwood, Tennessee. Dec 23rd 2013 Reply


Barb Lanis (BarbLanis)
#69 ranked lender in Illinois - 679 contributions

It's possible, but you need to understand that nothing is "free." Closing costs are real - title companies, appraisers, etc. need to be paid. If you want a lender to pay those costs for you, the interest rate may be slightly higher - OR you can look into rolling the closing costs into the new loan. You just need to look at your options side-by-side and determine which will work for you. I will say that rolling in closing costs tends to be more beneficial to the borrower.

Dec 23rd 2013
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Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions

ALL LOANS have closing costs. How you pay them can vary. No closing cost refinance is simply done by the lender INCREASING your interest rate to cover your closing costs. You pay a lot more in interest over time in exchange for no costs today. This may or may not be a good way to go. Contact a local mortgage broker to discuss the long-term and short-term refinancing options that make the most sense for you and your family. www.Minneapolis-Mortgage.net

Dec 24th 2013
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions

Sure that is usually possible, but as others above had pointed out, not costs doesn't mean there aren't any. It is a trade off of a higher rate vs. less fees paid by you directly or adding them to the loan amount. I handle loans in TN and would be happy to let you know our options. http://pdumouchel.primelending.com or pdumouchel@primelending.com Look forward to hearing from you!

Dec 24th 2013
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Jason Vondrak (jvondrak)
#220 ranked lender in California - 1,741 contributions

Speak with several local lenders and compare rates. Remember that if no costs or fees are paid up front, they are often rolled into the loan or paid for with a slightly higher interest rate.

Dec 24th 2013
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