Finance Tip of the Day

"No Closing Cost” Loan?

  • 2018 2 Oct
"No Closing Cost” Loan?


Is There Such a Thing as a “No Closing Cost” Loan?

If you’re tempted to refinance your home, keep one thing in mind. You will always pay the closing cost. The difference may be in how the payment is factored in. Lenders often advertise “no closing cost” loans, but be assured that even though you may not have to upfront that chunk of money at the closing, the lander will make it up through the interest rate, the loan balance or a combination of both!

Having and sticking to a solid budget will help you greatly with buying and keeping your home!

Today's tip brought to you by Mvelopes and Money4Life Coaching.