
No closing cost mortgages have existed in the mortgage industry for over 15 years, I recall first being introduced to them in the early 1990’s. However you frequently hear this loan product referred to recently as if it were new or unusual which it is not. No closing cost loans have gained popularity across the country during the refinance markets of recent years as a result of swelling property values and the consequently increasing loan amounts. Note that many lenders will not do a no cost loan for loan amounts under $250,000. Today, due in part to unscrupulous lending practices occurring in the sub-prime market, lenders are appropriately under increasing scrutiny and consumers are now leery of all seemingly questionable lending activity. Therefore given the current state of high alert in the lending industry in general, consumers are on guard and looking for misleading information being dispensed by lenders. However there shouldn’t be much concern in the area of no cost loans as long as you, the consumer/borrower, are paying attention and doing your homework to make sure that the no closing cost mortgage is a) what you really want and b) what you are really getting from your lender and you should do just fine.
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Wallmonkeys Peel and Stick Wall Decals – Nest – Removable Graphic WallMonkeys wall graphics are printed on the highest quality re-positionable, self-adhesive fabric paper. Each order is printed in-house and on-demand. WallMonkeys uses premium materials & state-of-the-art production technologies. Our white fabric material is superior to vinyl decals. You can literally see and feel the difference. Our wall graphics apply in minutes and won’t damage your paint or l… |
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Mortgage Ripoffs and Money Savers: An Industry Insider Explains How to Save Thousands on Your Mortgage or Re-Finance $9.45 Mortgage Rip-offs and Money Savers reveals how the mortgage industry cheats borrowers out of billions in extra costs every year. Mortgage industry insider Carolyn Warren taps her decade of experience with lenders to expose the tricks, lies, and dirty little secrets they don’t want you to know. With her expert guidance, borrowers will save tens of thousands when they avoid the traps so many consume… |
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Mortgages For Dummies, 3rd Edition $4.22 For many of us, the single biggest financial transaction is buying a house. Even more significant than the hefty down payment we fork over is the 15- to 30-year mortgage that needs feeding every month. If you have this much at stake, a little knowledge can go a long way, which is where Eric Tyson and Ray Brown come in. In Mortgages for Dummies, Tyson and Brown (who also wrote Home Buying fo… |
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Homebuyers Beware: Who’s Ripping You Off Now?–What You Must Know About the New Rules of Mortgage and Credit $10.76 “Carolyn Warren is my go-to expert for mortgage industry information. She not only helps you avoid rip-offs, she helps you know what questions to ask and how to ask them. Full of tips, scripts, and sample letters, Homebuyers Beware is an extremely valuable book that I recommend to all my readers!” –Alison Rogers, “Ask the Agent” columnist, CBS Moneywatch.com “In… |
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