such thing as a no-cost or no-fee loan?

Contact Information

Carolyn & Wayne Crowe

Maximum One Realty

3304 Mapleleaf Way

Powder Springs, Georgia, 30127

Office: 770-795-0303

Cell: 404-863-1719

Fax: 770-514-0080

cobbhomes@bellsouth.net

www.CobbHomesForSale.com

Lic. #: 203360

such thing as a no-cost or no-fee loan?

Is there such a thing as a no-cost or no-fee loan?

Not really.
While some lenders occassionally promote "no-cost" loans, banking regulators have cracked down on these misrepresentations.
Advertised "no-fee" loans may actually cost the borrower more over the long term because these costs are often rolled into the new note through higher interest or more principal.
A typical no-fee loan is one where the points charged and all fees are included in the loan principal, meaning that the borrower does not pay these expenses at the close of escrow, but instead ends up paying on them over the life of the loan. The loan is called a no-feeloan because the borrower is not charged any fees up front.

Questions about Kennesaw Real Estate?

Ask us below or Call us Now at 770-795-0303

Last Updated ( Tuesday, 29 July 2008 )

< Prev		Next >

Syndicate this Site

Get the newest real estate Information from our site delivered right to your desktop!

ATOM 0.3

OPML

Just Listed RSS Feed

See the newest properties as soon as we enter them in your favorite feed reader!

Don't worry about missing the right one... we make it easy for you!

Payment Estimator

© 2010 Kennesaw Ga. Home For Sale Real Estate Websites - Free Real Estate Advice - Real Estate Marketing