Closing costs. Due to some very slick marketing by the mortgage industry, many people know that "closing costs are bad" and that they don't want to pay them. They aren't exactly who is going to pay them, but they know that they don't want to. Here is an ad that I came across from Countrywide. Does this add say "no closing costs"? No. It says "No Cash Required For Closing Costs." - … [Read more...]
FHA Streamline Refinancing: How To Get A “Free” Mortgage
Question: How do you get a "free" mortgage? Answer: You really don't. Title companies get paid, lenders get paid, appraisers get paid, the government recording offices get paid, credit reporting companies get paid... it is just a matter of who pays them - you or "the bank". Here is how to get the closest thing to a free mortgage that I can think of... How to get the bank to pay … [Read more...]