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Refinancing no closing costs

the mortgage company is eating it because I asked that EXACT question. You don't give away closing for free so what's the catch, mortgage companies are eating it to increase money they have on the books. Close on the 11th will tell you if they do a bait and switch but just looked at the Closing Disclosure and all I am bringing is $3K for escrow which is really taking money out of one pocket and putting it in the other. Yes no points no nothing.

HokieForever
[Post edited by HokieForever at 03/05/2020 8:25PM]

In response to this post by CPRVHokie

Posted: 03/05/2020 at 8:25PM

For those of you who have refinanced with your current lender, a question -- Late 80s Hokie 03/05/2020 6:44PM

Appraisal requirement on a refi is generally ruled by Fannie/Freddie not -- HokieJamie 03/05/2020 8:23PM

Yep, my appraisal was waived due to Fannie accepting the value presented ** -- BRVT 03/06/2020 08:16AM

Exactly -- MrBayAreaHokie 03/06/2020 12:34AM

^^^listen to this man. He knows what he’s talking about. ** -- CPRVHokie 03/05/2020 8:25PM

Title insurance is based on loan to value. Mortgage survey should be requir -- 48zip 03/05/2020 8:10PM

A survey is rarely if ever required on a refinance. ** -- CPRVHokie 03/05/2020 8:22PM

I know, but it should be for the reasons I stated (Why I said "should be") -- 48zip 03/06/2020 08:02AM

If you straight refinance with same lender you don’t pay recording fees and -- CPRVHokie 03/05/2020 7:41PM

Cap Center has great rates, no closing costs, and easy process ** -- TabbHokie 03/05/2020 7:11PM

Yeah no closing costs ....baloney. They're in there somewhere ** -- HokieJamie 03/05/2020 8:21PM

They’re built into the rate or points. I mean, I can do a mortgage that -- CPRVHokie 03/05/2020 8:24PM

Dude. Its like lucy with the conveyor belt of chocolate ** -- HokieJamie 03/05/2020 9:53PM

LOL. Hang in there. And for the love of god don’t believe loan officers. -- CPRVHokie 03/05/2020 9:58PM

They have closing costs. Mortgages are a commodity and they don’t have a -- CPRVHokie 03/05/2020 7:43PM

No, you literally pay them zero money. -- MP4VT2004 03/05/2020 8:26PM

OK. Whatever makes you feel better. ** -- CPRVHokie 03/05/2020 8:28PM

I refi’d 7-8 years ago, and got $ back after closing -- TabbHokie 03/06/2020 4:23PM

Has nothing to do with how I feel. I got the best rate I could find... -- MP4VT2004 03/05/2020 8:29PM

Exactly what I did. Mortgage will be sold, but no issue there. Loan officer -- TabbHokie 03/06/2020 4:26PM

Yeah 3.5 is still better than the 4.25 I was paying -- HokieForever 03/05/2020 8:40PM

MORTGAGE COMPANIES DONT KEEP LOANS ON THEIR BOOKS. -- CPRVHokie 03/05/2020 8:58PM

Yep ** -- pfishe 03/06/2020 07:10AM

Refinancing no closing costs -- HokieForever 03/05/2020 8:25PM

When mortgage companies close a loan, their balance sheet goes down. -- CPRVHokie 03/05/2020 8:27PM

Oh they definitely selling it they always do -- HokieForever 03/05/2020 8:38PM

The lack of knowledge about the mortgage market is stunning. -- CPRVHokie 03/05/2020 8:56PM

Yes understood, they bought -- HokieForever 03/05/2020 9:25PM

Well, if being right and pointing out that what you posted is irrelevant is -- CPRVHokie 03/05/2020 9:40PM

I posted that I have no closing costs -- HokieForever 03/05/2020 9:59PM

Many federal loan guidelines as well as state, require -- PhotoHokieNC 03/05/2020 6:52PM

Refinancing no closing costs

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