Tag Archive for: no free lunches

No Lender Fees & Lender Credits = Higher Rates; No Free Lunches

We recently had a Texas borrower almost leave us for a competitor that was offering “no lender fees, no appraisal fee and a small credit for closing costs.” Fortunately though, […]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