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A No-Cost Refinance is offered by Dominion Home Mortgage to obtain
a loan where there are no closing costs involved. When you bought
your home you paid closing costs (maybe even a point or two).
When the market allows for lower rates, why keep paying closing
costs to obtain a lower monthly payment. What we do is make the
loan make sense for you. We recommend to not pay closing costs to
refinance when you plan on being in your home for the next few years.
This way you start saving money right away.
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Example:
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Sounds to good to be true?
A no cost refinance is truly that. How it works is that Dominion
Home Mortgage is paid a premium from the lender we close your loan with.
The higher the rate, the higher the premium we get back from the lender.
In turn, with this premium we are able to pay your closing costs.
* Closing costs are estimated to be $1800
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I WOULD LIKE TO SPEAK TO SOMEONE ABOUT THE NO-COST REFINANCE
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VA Approved Lender
