ZERO COST LOAN
This is an option that every borrower has when either purchasing or refinancing!
HERE IS HOW IT WORKS:
Usually by paying up front closing cost the consumer is able to get the best possible Interest Rate. We can offer the “ZERRO COST LOAN” by raising the interest rate by .25 – .75%. When I sit down with my clients we determine if this makes sence for them or not. Also there is the oppurtunity to buy down the interest rate to the desired rate the consumer is wanting. This makes sence when the consumer needs to keep the payment as low as possible in order to fit with their specific budget. Here is what the “ZERO COST LOAN” looks like:
Origination Fee $0.00
Megastar Financial Fees $0.00
Total $0.00
***Appraisal and Title Have to be paid. The title company and the appraiser very rarely will reduce their fees***
