Can a Zero Cost Refinance Program Really Save You Money?

Many people are probably not as familiar with this, but basically “qualified borrowers can forego the payment of the traditional closing costs associated with refinance in exchange for the slightly higher interest rate”.

Stack of Cash

Mortgage columnist and expert [tag-tec]Henry Savage[/tag-tec]  gives a quick insider look at the zero cost refinance program.

 

Many people are probably not as familiar with this, but basically  “qualified borrowers can forego the payment of the traditional [tag-self]closing costs[/tag-self] associated with refinance in exchange for the slightly higher [tag-ice]interest rate[/tag-ice]”.

 

 

I know it sounds crazy, but yes, the numbers can crunch in your favor.  I think it has possibilities.

 

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