Tag Archive for: no cost loans

5 Misleading Rate Quote Tricks!

We recently had a borrower come to us with a ridiculously low rate quote for a “no cost” loan from one of America’s largest mortgage banks. The borrower insisted it […]Read More

How “No Cost Loans” and “Lender Credits” Work; No Free Lunches

“NO COST” Vs. “NO POINTS” REFI We recently locked in a $775,000 refinance loan at 3.625% at “no cost.”  (Keep in mind that many factors affect a borrower’s rate, so […]Read More

When Does It Make Sense to Refinance? Rules of Thumb

When I was researching today’s blog, I came across a December of 2010 blog of mine that said: “The refi boom is officially over.” I found that amusing b/c rates […]Read More

When Does It Make Sense to Refi? Rule of Thumb; VA LOANS

Quick Reminder: JVM does VA loans (often in fact). The drawbacks to VA, however, include the restriction that we can only use VA appraisers, and that all section I work […]Read More