When you refinance and pay closing costs, you can certainly roll in these expenses to the new loan if you so desire as long as you have enough equity to avoid paying PMI.
If you will be over the threshold by rolling in your closing costs we could set you up with a small 2nd mortgage to avoid paying the PMI. This way you still would not be required to come up with the cash to pay closing costs.
No-cost home financing seems like an idea that's too good to be true. But it's here, and it's waiting for homeowners at Family Mortgage. No closing cost loans can be used for either a refinance or a purchase transaction, although they are most commonly associated with a refinance. More
I have been able to restructure my mortgage to take advantage of lower rates utilizing Family Mortgage’s No Cost loan option on 4 different occasions over the last 5 years! Jay & Sara McClure
Scott talked us into paying a little higher interest rate and going with a No Closing Cost refinance. He called us back 6 months later to tell us that rates had dropped another 3/8% and that he could redo the loan for free again! Hugh & Valerie Gallagher
