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Real Estate
Reply to "Know of any lenders offering a no cost refi?"
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[quote=Anonymous]We locked in at 3.625 with no closing costs ($3k lenders credit) with a company from Zillow.com. Our loan is super conforming (over $415 but not jumbo). I wasn't able to find anything better out there. The regular conforming were lower and the 15 year were lower but there is usually a premium for the higher loan value and most included points or closing costs. The guy told me they make money by not servicing the loans and selling the servicing rights in bulk (30 million loans) to companys who bid to be the servicers. Sounded good but not sure if it was a lot of BS. Haven't closed yet but they had a A+ rating with BBB and good ratings online. [/quote]
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