No Closing Cost Refi in North Carolina

Hey Tim... Although you provided some info, There's just not enough to properly advise you.. I will say this.. 3.5% No cost.. Not going to happen.. If you had tried 6 months ago, you might have had a chance, but rates are going up as everyone in our industry said it would..The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Do not use the local "Big" bank, or one of those 50 states internet lenders or nationwide lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

I don't lend in NC, but you are not going to find a 3.5% no cost in today's market on loan balances as small as you are talking. To find out what your options are, work with a local Mortgage Banker/Broker. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

There usually is a "no cost" option available depending on the entire scenario, debt to income, credit and value. Remember there are always third party closing costs on a refinance. What I mean by that is even though as a lender I won't charge you any fees, title insurance and escrows will most likely still be needed. That being said you have two options, the additional fees can be added to the loan, you can pay those required fees or we can offer the no closing cost option where we the lender will pay for the escrows and title. If you choose the no closing cost option your rate will be higher than if you roll your closing costs into the loan or pay them out of pocket, that's how the lender is paying your closing costs, by raising your rate. By speaking with you Mortgage Pro you and he/she can go over all the options find out what your goals are and then determine what is best for you.Call us or email us at 201-962-3555 or Team@BestMortgageOption.com for ano cost no obligation analysis of your situation.Ask for Michelle or Benny We will find the Best Mortgage Option to suit your needs!You can check us out at www.BestMortgageOption.com

We can do a no cost loan with roughly that apr, we may have to collect some funds to establish a new escrow account. If you would like more info please call 704-248-8742 or you can email us at info@lendwithleverage.com

TimYou might should look at rolling the closing cost into the loan so you get a better rate.

I read my reply and realized you have three options, I said two but gave you three sorry about that.

Tim: There is no such thing as no closing costs. The costs are very real. Someone has to pay the title charges, appraisal, underwriter, and the like, because they don't work for free. Closing costs can be paid in 3 ways: 1) Out of pocket by you, 2) Roll them into your new loan, or 3) Accept a slightly higher rate so that your lender can pay them on your behalf. Don't listen to claims by some that there aren't any closing costs. They have to be paid one way or another, by someone.