06/12/2024
- Many forget there's "costs" associated with doing any type of home loan. Buy, build or refi, there's always costs. What many don't know is that there's actually around 15-25 "rates" on a ratesheet from any given lender. It works like a teeter totter, the lower rates, have more in costs. Whereas, the higher rates have less in costs, and in some cases a credit to you, to cover the costs! 🤠🏠 One of the biggest pet peeves I have is that "guy" calling me asking = "what's your rate"? That doesn't understand this and is getting had by all the loan offer's giving him the lowest rate, with most in costs. 💯 ****The best rate, is the one that helps you close! 👊
A no-closing-cost mortgage can help homebuyers reduce their upfront expenses, but it may come at a steep price later on.
