Mortgage blog

The myth of  "no closing cost loan"

There is much advertised today about not to pay closing costs on your mortgage. The simple fact is YOU are paying the costs, if you are not than who is? To over simplify, you are either paying the costs over the term of the loan by paying a higher interest rate, or by paying them at the closing. Depending on the loan size, there may be an advantage to financing the costs into the rate.

Your professional at LoansQuick mortgage will be happy to prepare a comparison to determine what loan is best for you.

PM.