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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 these numbers only reflect one particular borrower.) “No cost” means that we will use our commission or rebate to pay for all of the borrower’s […]Read More